Home / Document templates / Personal Property Co-Ownership Agreement
Personal Property Co-Ownership Agreement
Free personal property co-ownership agreement template — two or more parties jointly own an item of personal property (a boat, RV, aircraft, or collectible).
- SSL-secured
- No signup required
- Free, always
This free personal property co-ownership agreement covers 1. Ownership Shares, 2. Usage Schedule, 3. Shared Expenses, 4. Decision-Making, 5. Insurance with 11 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Personal Property Co-Ownership Agreement
Co-Owners: [Name(s)] · Property: [Description — e.g. boat, RV, aircraft, artwork] · Date: [Date]
1. Ownership Shares
The co-owners hold the property in the following shares: [Name]: [%], [Name]: [%], based on their respective financial contributions to the purchase.
2. Usage Schedule
[Describe how usage is allocated — e.g. a rotating calendar, first-come reservation system, or usage proportional to ownership share.]
3. Shared Expenses
Costs of [insurance, storage/mooring/hangar fees, maintenance, and major repairs] are shared per ownership percentage, invoiced [Frequency] by [Designated managing co-owner].
4. Decision-Making
Routine maintenance decisions may be made by [any co-owner / the managing co-owner]. Major decisions (sale, financing, significant modifications) require [unanimous consent / [%] approval].
5. Insurance
[Managing co-owner] will maintain insurance covering the property, with all co-owners named as insureds, at a level of [Amount].
6. Exit / Buyout
A co-owner wishing to sell their share must first offer it to the other co-owner(s) at [fair market value, per an agreed valuation method], before selling to an outside party.
7. Damage Caused By a Co-Owner
[State how damage caused by one co-owner's use/negligence is handled — e.g. that co-owner bears the repair cost beyond what insurance covers.]
Co-Owners: ______________________ Date: ____________
*Setting the usage schedule (Section 2) as specifically as possible — not just "we'll work it out" — is what actually prevents the most common source of friction in shared big-ticket purchases like boats and RVs: competing claims on the same weekend or holiday.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 7 standard sections: 1. Ownership Shares, 2. Usage Schedule, 3. Shared Expenses, 4. Decision-Making, 5. Insurance, 6. Exit / Buyout, …
- 11 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this personal property co-ownership agreement template really free?
Yes. Like every template in docstoc's library, this personal property co-ownership agreement is free to use, with no account or signup needed to view, edit, or download it.
What does this personal property co-ownership agreement cover?
This business template includes 1. Ownership Shares, 2. Usage Schedule, 3. Shared Expenses, 4. Decision-Making. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Templates like this cover the common ground most businesses need, but they can't anticipate your specific deal terms, jurisdiction, or industry rules. Treat it as a first draft to build from, and get a business attorney's eyes on it before signing anything that matters.
Can I edit the wording?
Yes. All 11 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
More free document templates
- Single-Member LLC Operating Agreement
- One-Page Business Plan
- Press Release
- Letter of Intent
- Executive Summary
Five products, one platform
Why use this instead of a generic template
Security
Served over SSL from Cloudflare's edge network — no ad trackers, no third-party scripts on template pages.
Legality
Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
Privacy
No account or signup needed to copy a template — nothing you type here is stored unless you choose to sign up.
Speed
Copy the subject and body directly — no form to fill in, no export step, no waiting on a download link.
Mobile-friendly
Every template page works the same on a phone as a desktop — copy on the go, no app required.
API available
Building your own tool? docstoc's API covers invoices, reminders, and templates directly.