Sample Basic Equity Sharing Agreement | Documents and Forms | Legal

Sample Basic Equity Sharing Agreement

Sample Basic Equity Sharing Agreement SIRK11-Equity_Shar_Agreement Instant Download Price
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$ 49.00 USD
Sirkin & Associates
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Basic Equity Sharing Agreement

Equity sharing is an arrangement typically used when a homebuyer cannot afford the full down payment of the home he/she wishes to purchase, but has enough income to pay the full monthly payments. An equity share can also be used where the homebuyer can afford the home but cannot qualify for a mortgage.

 

DOCUMENT CONTENT

This Equity Sharing Agreement forms can be used for equity sharing arrangements (of the type described above) involving property in any U.S. state. They are 17-22 pages in length, and written in plane English with the minimum amount of legal jargon. The main topics are:

  • Owner contributions to down payment
  • Occupancy rights and limitations for owner-occupant
  • Periodic inspections by investor owner
  • Shared mortgage and payment obligations
  • System for paying bills
  • Verification by investor that bills are paid
  • Consequences for late payment and nonpayment
  • Responsibility and procedure for repairs
  • Allocation for cost of repairs
  • Procedure if occupant wants to make home improvements
  • Sale and buyout timing and procedure
  • Sharing of appreciation and sale proceeds
  • Effect of prior repair and improvement expenditures on sale/buyout allocations
  • Effect of mortgage principal reduction on sale/buyout allocations
  • Early termination of equity share by occupant or investor
  • Consequences and procedure for violating equity sharing agreement
  • Dispute resolution procedure
Basic Equity Sharing Agreement Equity sharing is an arrangement typically used when a homebuyer cannot afford the full down payment of the home he/she wishes to purchase, but has enough income to pay the full monthly payments. An equity share
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