Download North Carolina Joint Tenant Agreement Form for Free

North Carolina Joint Tenant Agreement Form is a rent agreement for joint-tenancy in the state of North Carolina. Sometimes the house is too big and too expensive for one tenant to rent. In such situations, people would like to rent the premises together with others in order to save money and make full use of the premises. Therefore, they would likely sign a joint tenant agreement. This agreement contains few items in only nine pages.

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JOINT-TENANCY AGREEMENT

THIS JOINT-TENANCY AGREEMENT (“Agreement”) is made and entered into as of

this ____ day of __________________________________ by and among _______________

and _________________, each a resident of _________________________ County, North

Carolina (each of such persons may be referred to in this Agreement individually as a “Tenant”

or jointly as the “Tenants”).

STATEMENT OF PURPOSE

By Deed dated _________________________________ and recorded in the

__________________ County Public Registry at Book __________, Page _______, each of the

Tenants has acquired a one-half undivided fee simple ownership interest as joint tenants with

right of survivorship in certain real property in Mecklenburg County, North Carolina more

particularly described on attached Exhibit A (“Property”). The parties desire to provide for

management and disposition of the Property in accordance with the terms of this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and premises contained

herein, the parties hereby agree as follows:

1. Nature of Relationship.

(a) The Tenants hereby mutually acknowledge that it is their intention to be, and to

act as, joint tenants with right of survivorship with respect to the Property. Nothing contained in

this Agreement shall be deemed to create a partnership, joint venture, agency, or similar

arrangement between the Tenants or any other business entity in which the Tenants are equity

owners, and no Tenant shall have the right or power to pledge the credit or otherwise bind the

other Tenants except as expressly set forth herein. No change in the form of ownership or the

relative percentage ownership in the Property shall be made except by deed of conveyance

executed by the appropriate Tenants and duly recorded in the ______________________ County

Public Registry or as may otherwise be provided by law. This Agreement shall not impose upon

any party hereto any liability, obligation, or fiduciary duty of any nature except as herein

expressly provided.

Drawn by and mail to:

___________________

North Carolina Joint Tenant Agreement Form

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Download North Carolina Joint Tenant Agreement Form for Free

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