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Land Co-Ownership Dissolution Agreement

Document Type
Microsoft Word (Editable)
Pages
4
Price: KES 200
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Document Overview

A Land Co-Ownership Dissolution Agreement is a legal real estate document used when two or more individuals who jointly own land in Kenya decide to end their shared ownership arrangement.

Key Components:
1. Parties’ Identification
2. Property Description
3. Nature of Co-Ownership
4. Mode of Dissolution
5. Valuation and Financial Settlement
6. Title Transfer & Legal Process
7. Possession and Occupation Terms
8. Warranties and Declarations
9. Dispute Resolution Claus.
10. Governing Law
11. Signatures and Witnessing
12. Attachments

Purpose:
1. To identify who owns the land and who is agreeing to dissolve the co-ownership.
2. To specify the exact parcel under co-ownership and ensure clarity on what is being divided or transferred.
3. To determine how ownership interests are divided and how the dissolution will affect legal rights.
4. To formalize the mechanism through which co-ownership ends.
5. To ensure fairness and transparency in financial settlement.
6. To legally protect both parties and confirm good faith.

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