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1. Parties: Identification of all co-owners with their full legal names, addresses, and contact details
2. Background: Context of the co-ownership arrangement, including property details and circumstances leading to the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the co-owned property, including legal title details and registration information
5. Ownership Shares: Specification of each co-owner's percentage share in the property
6. Rights and Obligations: Detailed outline of co-owners' rights and responsibilities regarding the property
7. Property Management: Procedures for day-to-day management and decision-making regarding the property
8. Financial Obligations: Distribution of costs, expenses, and revenue related to the property
9. Transfer of Interest: Rules and procedures for selling, transferring, or encumbering ownership shares
10. Dispute Resolution: Procedures for resolving conflicts between co-owners
11. Termination: Circumstances and procedures for terminating the co-ownership arrangement
12. Governing Law: Specification of UAE law as governing law and jurisdiction
1. Property Usage Schedule: Used when co-owners need to establish specific schedules or rules for using the property at different times
2. Property Manager Appointment: Required when co-owners agree to appoint a professional property manager
3. Mortgage Provisions: Included when the property is or may be subject to a mortgage
4. Business Use Provisions: Required when the property will be used for commercial purposes
5. Death and Inheritance: Detailed provisions for handling ownership shares in case of death, particularly relevant when incorporating Sharia law principles
6. Buy-Out Provisions: Specific procedures for when one co-owner wishes to buy out others or receives an offer from a third party
7. Rental Management: Required when the property will be rented to third parties
1. Schedule 1 - Property Details: Detailed property description, including title deed, plot number, and location details
2. Schedule 2 - Ownership Structure: Detailed breakdown of ownership percentages and initial capital contributions
3. Schedule 3 - Maintenance Schedule: Regular maintenance requirements and responsibilities
4. Schedule 4 - Cost Allocation: Detailed breakdown of how various costs and expenses are to be shared
5. Schedule 5 - Property Rules: Specific rules and regulations for property use and management
6. Appendix A - Property Documents: Copies of relevant property documentation including title deed and floor plans
7. Appendix B - Powers of Attorney: Any required powers of attorney for property management
8. Appendix C - Initial Condition Report: Documentation of property condition at agreement commencement
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