Under UK law, the registration of ownership does not cover the shares in which the property is held. So if you own 60% and I have 40%, we have to record it in another document like this. Setting a real estate purchase schedule also informs members when they need to find a real estate agent to help find the potential property. The rule of reversion is a distinctive feature of this type of property, according to which, after the death of one of the co-owners, his share is transferred to the remaining surviving co-owners and not to his legal heirs. Note that this document does not cover how the owners will cohabit. It deals only with property issues. For housing conditions, you need to use a concubine contract like this. An agreement by which two or more persons agree to jointly own property is referred to as a “common ownership agreement”.. . .