Who owns what? Who pays for what? How do we make decisions?
A co-ownership agreement answers those questions in writing. It also gives your group a process for changes you may not be thinking about yet, like a major repair, a missed payment, or an owner who wants to sell.
Joynt Pro helps you create the agreement that fits your property and connects it to the tools your group uses to manage the home.
You own the home directly.
Each owner is named on the deed with a defined share. The shares can be different. Your TIC agreement explains how you’ll divide costs, use the home, make decisions, and handle a change in ownership.
Best suited to: A primary home shared by multiple owners.
Common TIC questions →
Shared costs like the mortgage, taxes, insurance, needed repairs, HOA, and utilities are split by each owner's percentage interest. Mortgage payments can follow a different "shared debt" split if the group set one.
The Management Coordinator builds a budget for those shared costs. Optional upgrades need a group vote, while required repairs can move ahead quickly. If your household causes damage, you repay it. If you dispute a bill, you still pay first, then seek a refund.
The group needs unanimous approval to refinance the home, add a new loan on the property, or put another lien on it.
This is meant as a principal residence, not an investment rental. At least one co-owner must live there as their main home. Resident owners get exclusive bedrooms or private space, plus shared common areas. An owner who does not live there still has money and voting rights, but not someone else's bedroom.
You cannot rent the whole house. A spare room needs unanimous approval. Household members and ordinary guests are allowed; the hosting owner is responsible for them. Pets, smoking, and similar house rules can be set by majority vote. If there is an HOA, those rules win when they conflict. Big alterations to the home or shared furniture need a supermajority.
If a resident permanently moves out, the others can buy that share. Heirs can occupy only if they properly join the agreement.
Votes happen in Joynt and are weighted by ownership share. Most decisions need a majority, and at least half of all voting power has to participate. Bigger changes (significant alterations) need a supermajority, 60% by default. Unanimous approval is required for things like spare-room rental, changing who pays what, refinancing the property, large extra spending, and selling the whole home (with some later exceptions).
One owner serves as Management Coordinator: budget, repairs, bills, and arranging cleaning. Other owners should not do repairs or expect reimbursement unless the agreement or a vote says so.
If an owner wants to sell their share, the others get a first chance to buy at that offered price. The group can also reject a proposed buyer who is not a spouse or child, based on financial qualifications. On death, divorce, or incapacity, remaining owners can buy the affected share at a formula price. Anyone who takes a share has to sign the same agreement before they get occupancy or voting rights.
Selling the entire home gets easier over time: unanimous in the first five years, supermajority in years five through ten, majority after ten years. One owner can force a whole-home sale in limited cases, such as major uninsured damage or after a year of trying to sell their own share. Others can still stop a sale by buying out the owners who want to sell.
There is a notice-and-cure process. Unpaid amounts still have to be paid first. Default can mean losing occupancy rights, interest on what is owed, and a path for the others to buy that share.
Your LLC owns the home.
The LLC holds title, helping protect members’ personal assets. Its operating agreement defines ownership interests and sets rules for finances, property use, decisions, and transfers. Form an LLC with Joynt or bring one you already have.
Best suited to: A secondary home shared by multiple owners.
Common LLC questions →
This section explains how money matters are handled. It lists the regular expenses (like mortgage, taxes, insurance, maintenance, HOA fees, utility bills, etc.), explains what counts as necessary repairs versus optional improvements, and outlines insurance requirements. It also covers how the annual budget is set, how assessments are calculated, who can spend company money, and what records need to be kept for transparency.
This part details how decisions are made using Joynt's system, including what happens if an owner doesn't vote or there's a disagreement. It defines the rotating role of the Management Coordinator, Eric Roodenburg, who handles tasks like cleaning, inspections, repairs, and managing finances. It also outlines the relationship with Joynt for ongoing management and prohibits unauthorized work or expenses.
This section explains how owners and their guests can use the property. Joynt provides a system to reserve time for usage, and there are clear rules on who may use the property, how rentals work (whether individually or as a group), cleaning standards, and conduct rules. It also sets guidelines on modifications to the property and clarifies that owners won't get compensated if the property is temporarily unavailable due to emergency repairs.
This part sets out the process for transferring ownership shares. New owners must agree to the existing obligations, and the owner not selling has the first chance to buy the share. It also covers handling transfer fees, taxes, and situations where lender approval is needed.
This section describes the conditions under which the property might be forcibly sold (like significant damage or prolonged sale issues) and the procedures to determine fair value, offer buyout rights, and eventually dissolve the LLC. It explains how any sale proceeds are distributed after debts and costs are paid.
Here, the agreement lays out what happens if an owner or their guest uses the property without proper permission. It provides a process for resolving disputes and details the consequences for non-compliance, including potential loss of usage rights and financial penalties.
This final part covers the legal and administrative basics. It confirms the LLC's legal status and purpose, explains how owner groups work, specifies the applicable laws and jurisdiction, and outlines dispute resolution methods (like mediation and arbitration). It also includes clauses about attorney fees, indemnification, notice procedures, key definitions, and other miscellaneous points essential for the smooth operation of the company.
Legal protection is just the start of how Joynt allows you to co-own with confidence.
We set up a property-specific LLC, which limits your personal liability and keeps your personal assets safe.
About LLC Formation ->
One of the biggest fears in co-ownership is, "What happens if I need to sell my share?" With Joynt, you have a clear, simple, and drama-free exit strategy built-in from the start.
How we help co-owners exit ->Create a group, add a property, and use Joynt whether you’re already co-owning or just getting started. Start free and stay free as long as you like.
Our newsletter is where we share real stories, practical guidance, and thoughtful ideas around buying and owning property together.
It’s for people who are curious, asking questions, and figuring things out, whether you’re ready to buy now or just starting to explore what shared ownership could look like.
PS: Online community coming soon...we’ll keep everyone posted!
Joynt helps you co-own a home with people you trust. Actually own a share of the property through a protected LLC structure, making ownership flexible, secure, and easy to manage.
New to co-ownership or already share a home? Joynt helps you set up an LLC, manage finances, and stay in sync with your group—all in one easy platform.
See moreCurious about co-ownership? Joynt makes it easy to buy and share a home with others—offering legal protection, flexible access, and simple tools to manage it all together.
See moreOnboarding a property to Joynt is simple—just start a group, share some ownership details, and we’ll handle the LLC setup, agreements, and tools to manage your shared home smoothly.
See moreJoynt’s tools make co-ownership easy—manage bookings, track finances, handle decisions, and stay connected with your group, all in one place.
At Joynt, we believe in making property co-ownership simple, accessible, and enjoyable. The Joynt platform empowers people to own, manage, and share property with others. By handling the legal, financial, and scheduling complexities, we enable co-owners to focus on what truly matters → enjoying their home.
Whether you're looking to co-own with friends, family, or like-minded buyers, Joynt makes the journey effortless and rewarding.
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