Declaration of Trust

A declaration of trust is a legal document that details the individual financial interests and obligations in a jointly owned property.

A declaration of trust will include details of

  • the percentage of the property held by each party
  • the financial contribution made by each part when purchasing the property
  • ongoing financial obligations
  • responsibilities for maintenance and repair
  • how the property is valued when it is sold
  • the process for one party selling their share
  • what happens in the event of the death of a co-owner
Chris Salmon, Director

Author:
Chris Salmon, Director