Buyout Agreement for Jointly Owned Real Estate

Why use this legal form?

  • A “buyout” means that one or more co-owners purchases from another co-owner. Use this product to automatically generate a contract that locks down the buyout agreement and is terms, to avoid issues down the road.

  • A voluntary buyout agreement is an excellent way to avoid litigation of jointly owned property. When you reach a point where the buyout arrangement is generally agreed, lock it down quickly in writing with this contract.

  • Whether you’re an attorney or a co-owner, this automated document can save you time and money. Designed specifically for a joint ownership situation, this product makes it faster and easier to formalize the buyout arrangement in writing.

What can this buyout contract do for you?

This agreement will confirm the details of the buyout arrangement, such as purchase price, hopeful closing date, amount of ownership being purchased, and parties to the purchase agreement. The buyout contract will also help you to “lock down” this agreement among co-owners, to help prevent anyone from backing out at the last minute.

How does it work?

  • Use our automated document builder to easily create your contract. This is a thoughtful, user-friendly workflow that will walk you through the contract content and choices.

  • Download your contract in Word, review carefully, and edit as necessary or desired to fit your specific situation.

  • Ensure that the contract is properly executed by all parties, and then proceed in accordance with the contract terms.

See for Yourself

You can test out the intelligent workflow used to generate a Buyout Agreement for free. The workflow consists of helpful explanations and guided questions. Walking through these explanations and questions will give you a better understanding of the product, illustrating the level of detail and professionalism. At the end of the workflow, if you want to purchase the contract, you can make a one-time payment of $119 and download it immediately. Click below to try it out with no obligation and no hidden charges.

Cost Comparison

We’ve systemized our Buyout Agreement to create a superior document at a fraction of the cost of traditional legal services. This document is not the same as hiring a lawyer. But if you are a consumer OR a lawyer in need of a high-quality buyout agreement, this product is the way to go. We charge $119 for a contract that would cost at least $500 to $1,000 as a traditional service.

Compares the cost of a common legal fee for a contract to the cost of our automated buyout agreement.

For Use by Attorneys OR by Non-Attorneys

This user-friendly workflow was built to be used by either an attorney OR by a non-attorney. As a non-attorney, you could start off by generating this contract yourself, and then hire an attorney later if necessary. As an attorney, you could use this contract to avoid much of the costly research and drafting necessary to produce a high-quality work product for your client. By making the knowledge, systems, and tools available to both attorneys and non-attorneys, we improve efficiency and results for all parties involved.

Product Description

This agreement will confirm the details of the buyout arrangement, such as purchase price, hopeful closing date, amount of ownership being purchase, and parties to the purchase agreement. The buyout contract will also help you to “lock down” this agreement among co-owners, to help prevent anyone from backing out at the last minute.

  • This is a Word download, so you can customize the contract to your situation as necessary.

  • This is a legal Product, not a legal Service. See our Terms & Conditions on the difference between a legal Product and a legal Service.

Available for All US States

The document is available in all US States, including: Alabama, Alaska, American Samoa, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Minor Outlying Islands, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Northern Mariana Islands, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, U.S. Virgin Islands, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

An Automated Document is Not an Attorney

Although this Buyout Agreement is based on an intelligent workflow created by a property lawyer, keep in mind that you are NOT purchasing legal services. This legal template is not the same as hiring an attorney, and in some cases, you should hire an attorney. That is 100% your decision. If you plan to use this contract without an attorney, you should understand the basic concepts of forced sale and partition, which you can learn here. You should also be comfortable editing Word documents and tailoring the letter to your specific situation.

Start Your Buyout Agreement

You can test out the intelligent workflow used to generate a Buyout Agreement for free. The workflow consists of helpful explanations and guided questions. Walking through these explanations and questions will give you a better understanding of the product, illustrating the level of detail and professionalism. At the end of the workflow, if you want to purchase the contract, you can make a one-time payment of $119 and download it immediately. Click below to try it out with no obligation and no hidden charges.