Document background
A Tenants in Common Agreement is essential when two or more parties wish to establish shared ownership of property in Switzerland. This document is particularly important as it provides a clear framework for co-ownership under Swiss law, specifically addressing requirements set forth in the Swiss Civil Code (ZGB) and Code of Obligations (OR). The agreement is commonly used for both residential and commercial properties, investment properties, and family property arrangements. It details crucial aspects such as ownership percentages, management responsibilities, cost allocation, decision-making processes, and procedures for ownership transfer. The document helps prevent future disputes by clearly defining each owner's rights and obligations, while ensuring compliance with both federal and cantonal property laws.
