Document Type: DOCX
Number of Pages: 4
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’ Identification2. Property Description3. Nature of Co-Ownership4. Mode of Dissolution5. Valuation and Financial Settlement6. Title Transfer & Legal Process7. Possession and Occupation Terms8. Warranties and Declarations9. Dispute Resolution Claus.10. Governing Law11. Signatures and Witnessing12. AttachmentsPurpose: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.Order for an editable sample template here on Sheriaplex.
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