Do you own a vacation or investment property in common with one or more other owners? Make sure the rights and obligations of the co-owners are clearly set out with this Right to Use Agreement Between Co-Owners / Tenants in Common. Provisions of the Agreement include:

• ownership interests of each co-owner,
  
• periods of use for each co-owner during the calendar year,
  
• right of each co-owner to sublease during an assigned period of use,
  
• leasing to third parties during the balance of the year,
  
• retaining a property manager,
  
• allocation of payment of taxes, costs and expenses,
  
• procedure for selling, mortgaging or dealing with an ownership interest in circumstances where the other co-owners have no pre-emption rights,
  
• if there are pre-emption rights, the other co-owners have a right of first refusal.

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