Brother's House Ownership Agreement.
Party A: xxx
ID number: xxxxxxxxxxxxxx
Address: xxxxxxxxxxxxxx
Party B: xxx
ID number: xxxxxxxxxxxxxx
Address: xxxxxxxxxxxxxx
In view of the fact that Party A and Party B are siblings, the following agreement is hereby reached through friendly negotiation on the purchase of the house located in xxxxxxxxxxxxxx jointly funded by both parties:
First, the basic situation of the house.
The house is located in xxxxxxxxxxxxxx, with a construction area of xx square meters, with a total of xx floors, of which the xx floor is a property right house and the xx floor is a non-property right house. The use of the house is residential, and the ownership is clear.
2. Capital contribution.
1.Party A's capital contribution of RMB xx yuan (capital: xxxxxxxx yuan), accounting for xx% of the total capital contribution for the purchase of the house.
2.Party B contributed RMB xx yuan (capital: xxxxxxxx yuan), accounting for xx% of the total capital contribution for the purchase of the house.
3.The two parties jointly choose to go through the property registration procedures for the house in the name of Party A.
3. Ownership and use of the house.
1.The ownership of the house is jointly owned by both parties, of which Party A has xx% of the property right share and Party B has xx% of the property right share.
2.Both parties shall follow the principles of fairness, impartiality and reasonableness in the use of the house, and if it is necessary to carry out major repairs or renovations of the house, the written consent of the other party shall be obtained first.
3.Both parties shall properly maintain the safety and integrity of the house, and shall not arbitrarily demolish or damage the structure and ancillary facilities of the house. If it is necessary to decorate the house or add other things, the written consent of the other party shall be obtained, and the legitimate rights and interests of the other party shall not be infringed.
4.In the case of housing expropriation, demolition, etc., both parties shall jointly participate and obtain corresponding compensation or resettlement according to their respective share of property rights.
5.Neither party may dispose of the house as its personal property or create a security interest such as a mortgage.
6.The expenses incurred during the use of the house shall be borne by both parties according to their respective share of property rights. If one party bears more than its proportion, it has the right to recover from the other party.
7.When creating a mortgage, pledge or other security interest in the house, the written consent of the other party shall be obtained, and the value of the collateral and the repayment period shall be clearly agreed. If the collateral needs to be disposed of, it should be distributed according to the share of property rights owned by each party.
8.When establishing other rights such as leases on the premises, the written consent of the other party shall be obtained, and the proportion of rent distribution and liability for breach of contract shall be clearly agreed. If the lease relationship needs to be terminated in advance, it shall be handled in accordance with the provisions of the lease contract.
9.When other rights such as co-ownership and occupancy rights are established on the house, they shall be distributed and used according to the share of property rights owned by each person. If it is necessary to terminate the rights of co-ownership, residence and other rights in advance, it shall be handled in accordance with the provisions of relevant laws and regulations.
10.When other rights, such as inheritance, are created on the house, they should be distributed and used according to the share of the property rights owned by each individual. If it is necessary to renounce inheritance rights and other rights in advance, it shall be handled in accordance with the provisions of relevant laws and regulations.
11.When other rights such as estate administration are established on the house, they should be handled in accordance with the provisions of relevant laws and regulations. If it is necessary to carry out activities such as estate administration in advance, it should be handled in accordance with the provisions of relevant laws and regulations.
12.When other rights of co-owners are established on the house, they shall be handled in accordance with the provisions of relevant laws and regulations. If it is necessary to terminate the co-owner's other rights in advance, it shall be handled in accordance with the provisions of relevant laws and regulations.