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North Carolina Joint Tenant Agreement Form


North Carolina Joint Tenant Agreement Form
North Carolina Joint Tenant Agreement Form
Drawn by and mail to:
___________________
___________________
___________________
JOINT-TENANCY AGREEMENT
THIS JOINT-TENANCY AGREEMENT (“Agreement”) is made and entered into as of
this ____ day of __________________________________ by and among _______________
and _________________, each a resident of _________________________ County, North
Carolina (each of such persons may be referred to in this Agreement individually as a “Tenant”
or jointly as the “Tenants”).
STATEMENT OF PURPOSE
By Deed dated _________________________________ and recorded in the
__________________ County Public Registry at Book __________, Page _______, each of the
Tenants has acquired a one-half undivided fee simple ownership interest as joint tenants with
right of survivorship in certain real property in Mecklenburg County, North Carolina more
particularly described on attached Exhibit A (“Property”). The parties desire to provide for
management and disposition of the Property in accordance with the terms of this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and premises contained
herein, the parties hereby agree as follows:
1. Nature of Relationship.
(a) The Tenants hereby mutually acknowledge that it is their intention to be, and to
act as, joint tenants with right of survivorship with respect to the Property. Nothing contained in
this Agreement shall be deemed to create a partnership, joint venture, agency, or similar
arrangement between the Tenants or any other business entity in which the Tenants are equity
owners, and no Tenant shall have the right or power to pledge the credit or otherwise bind the
other Tenants except as expressly set forth herein. No change in the form of ownership or the
relative percentage ownership in the Property shall be made except by deed of conveyance
executed by the appropriate Tenants and duly recorded in the ______________________ County
Public Registry or as may otherwise be provided by law. This Agreement shall not impose upon
any party hereto any liability, obligation, or fiduciary duty of any nature except as herein
expressly provided.
North Carolina Joint Tenant Agreement Form
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