Common use of Shared Property Clause in Contracts

Shared Property. All shared property will be paid for evenly, unless otherwise agreed upon. At the end of the lease term or when the Parties terminate this Agreement, shared property will be split between the Parties, or a Party may purchase shared property from the other Parties. Pets: Can pets be kept at the Premises: __________ Chores / Household Duties: Chores and duties will be discussed __________, and individual responsibilities will be agreed upon at those times. Each Party must complete his or her chores to the full extent in a timely fashion.

Shared Property. All shared property will be paid for evenly, unless otherwise agreed upon. At the end of the lease term or when the Parties terminate this Agreement, shared property will be split between the Parties, or a Party may purchase shared property from the other Parties. ▪ Pets: Can pets be kept at the Premises: __________ No ▪ Chores / Household Duties: Chores and duties will be discussed __________on a weekly basis, and individual responsibilities will be agreed upon at those times. Each Party must complete his or her chores to the full extent in a timely fashion.