The Joint Car Ownership Agreement Template UK is provided in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable versions for your convenience.
Joint Car Ownership Agreement Template UK Editable – PrintableSample
Joint Car Ownership Agreement Template UK 1. Owner Information 1.1. Co-Owner Information 2. Vehicle Details 3. Agreement Duration 4. Ownership Shares 5. Responsibilities of Owners 6. Usage Terms 7. Financial Contributions 8. Insurance Requirements 9. Termination of Agreement 10. Signatures and Acknowledgment 11. Declaration and Signatures
PDF
WORD
Examples
[Name of Owner 1]
[Owner 1’s ID]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
[Name of Owner 2]
[Owner 2’s ID]
[Owner 2’s Address]
[Owner 2’s Phone]
[Owner 2’s Email]
This agreement outlines the terms and conditions for joint ownership of the vehicle [Vehicle Make, Model, and Registration Number] commencing on [Start Date].
The Vehicle owned jointly by the Owners is described as follows: [Insert detailed description including VIN, color, and any distinctive features].
Owner 1 holds a [Percentage]% interest in the vehicle, while Owner 2 holds a [Percentage]% interest, with all costs and liabilities shared accordingly.
All expenses associated with the vehicle such as insurance, maintenance, repairs, and fuel shall be shared according to the ownership interest. Owners agree to contribute to a joint account for these expenses.
The owners agree on a schedule for the use of the vehicle, specifying that each owner shall be allowed to use the vehicle [Specify usage terms, e.g., weekdays, weekends], with prior notice of [Notice Period] required for scheduling purposes.
In the event that either owner wishes to sell their interest in the vehicle, they must provide written notice and offer the other owner the opportunity to purchase their share at a fair market value.
Both parties agree to maintain adequate vehicle insurance covering damages and third-party liability and to provide proof of such insurance upon request.
In the event of any disputes arising from this agreement, both parties agree to seek resolution through mediation before pursuing any legal actions.
[Signature of Owner 1]
[Name of Owner 1]
[Signature of Owner 2]
[Name of Owner 2]
[Name of Owner 1]
[Owner 1’s ID]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
[Name of Owner 2]
[Owner 2’s ID]
[Owner 2’s Address]
[Owner 2’s Phone]
[Owner 2’s Email]
This agreement sets forth the terms for the shared ownership of the vehicle [Vehicle Make, Model, and Registration Number], effective from [Start Date], ensuring both parties understand their rights and responsibilities.
The jointly owned vehicle is described as follows: [Detail specifications including VIN, year, color, and any identifying characteristics].
Owner 1 possesses a [Percentage]% share, while Owner 2 retains a [Percentage]% share, with all liabilities and costs representing respective ownership interests.
Both parties agree to share expenses related to the vehicle, including but not limited to insurance, maintenance, and operational costs, each contributing to a shared account.
The vehicle shall be available for use by both owners, with scheduling agreed upon by both parties to avoid conflicts. Notice of [Notice Period] must be given before using the vehicle.
Should one owner wish to transfer their share, they must provide the other with a written notice and offer the option to buy out the share at the determined market value.
Both owners must procure and maintain comprehensive insurance for the vehicle, covering damages and injuries, and share proof of insurance with the other party.
In case of disagreements regarding this agreement, both parties prefer to settle through mediation rather than resorting to legal proceedings.
[Signature of Owner 1]
[Name of Owner 1]
[Signature of Owner 2]
[Name of Owner 2]
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