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Co-Tenancy Agreement

A Co-Tenancy Agreement is a legal document outlining the obligations and rights of two or more individuals who occupy the same rental property.

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Service Description

A Co-Tenancy Agreement is a legal document that outlines the terms and conditions of sharing a property or space by two or more tenants. It is often used in situations where multiple tenants want to rent the same property or space together, such as a group of friends or siblings sharing a house or apartment.

The purpose of a Co-Tenancy Agreement is to establish clear guidelines and expectations for all parties involved. This includes outlining the responsibilities of each tenant, such as rent payments, maintenance of the property, and adherence to any rules or regulations set forth by the landlord or property owner.

The document also includes provisions for resolving disputes between the tenants, such as disagreements over rent payments or the use of common spaces. It may also cover issues related to subleasing or early termination of the lease.

In addition, a Co-Tenancy Agreement typically includes provisions related to the security deposit and how it will be handled at the end of the lease agreement. This may include outlining the conditions under which the deposit will be returned, as well as any deductions that may be made for damage to the property or unpaid rent.

Overall, a Co-Tenancy Agreement is an important document that helps ensure a harmonious living arrangement between multiple tenants. By setting clear expectations and guidelines, it can help prevent disputes and ensure that all parties are aware of their rights and responsibilities.

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