Common use of Shared Property Clause in Contracts

Shared Property. All shared property will be paid for evenly, unless otherwise agreed upon. At the end of the lease term or when the Parties terminate this Agreement, shared property will be split between the Parties, or a Party may purchase shared property from the other Parties. Pets: Can pets be kept at the Premises: ☐ Yes ☐ No It is the duty of the owner to care and provide for the pet. The owners and pets are as follows: ___________________________________________________________________________ Pet Name: ___________________; Type: _______________; Owner: ___________________ Pet Name: ___________________; Type: _______________; Owner: ___________________ Pet Name: ___________________; Type: _______________; Owner: ___________________ Chores / Household Duties: Chores and duties will be discussed on a (Check one) ☐ weekly ☐ monthly basis, and individual responsibilities will be agreed upon at those times. Each Party must complete his or her chores to the full extent in a timely fashion.