An agreement for the termination of joint ownership is a contract that ends the shared ownership of an asset when it is jointly owned by several individuals who acquired it through different events (various agreements, different inheritances). Through this agreement, the asset will become the sole property of one of these individuals. The agreement can be onerous, meaning it involves payments from the other co-owners (or some of them), or gratuitous, meaning it does not involve any payments from the other co-owners.
Information Required for Concluding the Agreement:
- Details of the parties involved: Full name, parents' names, PESEL number (if unavailable, date and place of birth), residential address (and correspondence address, if different), identification document number, place of birth (city and country), and citizenship.
- Land and Mortgage Register (Księga Wieczysta) number.
- Financial settlements: Indicate whether any settlements will occur between the parties as a result of the agreement, and if so, what kind (you should specify which party is paying and the amount and due date of the payment or repayment).
- Any other additional agreements.