Self-help templates
Co-Owners and Heirs Property Division Agreement
For heirs or co-owners who want to divide, sell or buy out a property: shares, method, valuation, payment, costs, use until division.
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How to use it
- When: two or more people own a property together (for example heirs who inherited a house, land or flat, or people who bought together) and want to divide it, sell it, or let one of them buy the others out.
- Who signs: every co-owner or heir, without exception. If anyone is under 18 or cannot act for themselves, their legal representative signs, and court approval may be needed.
- Fill in everything in [square brackets] and cross out options that do not apply. Choose one method of division in Art. 4 and describe the property precisely.
- Use the registry details: copy the property description, registry or cadastral number and each person's share from the official documents. For an inheritance, attach the certificate of heirs or the will.
- Be fair and open: agree how the property is valued, who pays any debts and taxes, and who lives in or uses the property until the division is complete.
- Tip: get a valuation if shares are unequal, and ask the notary or registry what documents they require before you sign.
What is inside
- Art. 1. The co-owners
- Art. 2. The property
- Art. 3. Shares
- Art. 4. Method of division
- Art. 5. Valuation
- Art. 6. Payment and timing
- Art. 7. Debts, taxes and costs
- Art. 8. Use and possession until division
- Art. 9. Documents and registration
- Art. 10. Disagreements and law
- Art. 11. Declaration
- Notes on the clauses and a checklist of what to check under your country's law
What these templates are not
- They are self-help templates, not legal advice, and they do not replace a lawyer.
- Laws differ from country to country, and some rules cannot be changed by contract. Each template ends with a checklist of what to check where you live.
- For a high-value or unusual situation, ask a local lawyer or notary to look at the final text.
TheLawToKnow Tools. Self-help template. Not legal advice. Check the law currently in force. Written with the help of AI tools and reviewed by a lawyer-author.