Parties sharing in ownership and use of vacation homes, boats, aircraft, vintage vehicles and other assets without a primary profit-making intent may be exposing themselves to a variety of risks, liabilities and disputes implicating the need for an Agreement. The advent of short-term rentals for real estate accentuate those exposures.

The issues to be covered can be complex and vary somewhat with the kind of asset involved, as well as with the nature of the relationship between the parties – family, friends, business associates, business partners, professional, etc.. This CLE course will analyze the process, including client counseling and ethical considerations, for constructing a Co-Ownership Agreement.