What happens when one person wants to sell or move to another property?
As a safeguard and to have absolute clarity on your rights and obligations when you have joint ownership, Kohab co-owners will enter into a co-ownership agreement with each other. This is a legal document which sets out the arrangement between all parties.
So when the situation arises that one person wants to sell or move, its whatever you both agreed at the beginning, for example:
- Both can sell on the open market
- One buys the other out
- Find another investor
- Both stay Owning and agree on a Tennant