F2 House or Flat Share Agreement: Shared Ownership Model

£18.89 (including 20 % tax)

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This agreement is very comprehensive and, amongst other issues, deals with the following:

• Ownership of furniture, fixtures and fittings in the home
• Arrangements for paying the mortgage
• Arrangements for dividing household bills
• ‘House rules’ regarding behaviour that is expected of the owners
• Procedure for dealing with damage, repairs and replacement

We recognise that the arrangements for issues such as house rules and the division of bills will need to be different for each home share arrangement depending on the individual circumstances. To allow for such flexibility many parts of the agreement can easily be personalised to meet the needs of particular owners. For example, the agreement provides that the mortgage and bills should be split equally by the parties, but this can be easily altered so that payments are divided according to a different formula.

The agreement comes with extensive Drafting and Guidance Notes which fully explain the operation of the agreement and contain example additional or replacement clauses which may be used to personalise the agreement. The Drafting and Guidance Notes also contain practical tips and useful documents for use within the home share arrangement.

For further information about sharing a house or flat please see the Co-Ownership of a Property Factsheet, and the home sharing page of SharingContracts.com