Document background
The Co-Purchase Agreement is a vital legal document used in Ireland when two or more parties wish to jointly purchase and own property. This arrangement has become increasingly common due to rising property prices and the desire to share property ownership costs and responsibilities. The agreement is essential for both residential and commercial property purchases, providing a clear framework for the relationship between co-owners. It addresses crucial aspects such as ownership structure, financial contributions, property management, decision-making processes, and exit strategies. The document must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009, and can be customized to accommodate various co-ownership arrangements, from family members purchasing together to corporate joint ventures. The Co-Purchase Agreement helps prevent future disputes by clearly defining each party's rights and obligations from the outset.
