Co-Owner Buy-Out Agreement Package

$3,500.00

This flat-fee service is designed for situations where one or more owners of California real estate want to exit, and the remaining owner or owners want to continue holding the property.

Co-owner buy-outs are legally and financially sensitive, especially when one or more parties remain on an existing mortgage or other obligations tied to the property. If these transactions are not documented correctly, they often lead to disputes about payment terms, continuing liability, indemnity obligations, loan-related risk, and what happens if something goes wrong after the transfer. This package provides a professionally drafted buy-out agreement that clearly documents the exit, addresses whether any party remains on an existing loan, allocates risk and indemnity obligations, and defines the parties’ ongoing rights and responsibilities.

We prepare the buy-out agreement based on the agreed business terms and include a consultation to review the structure, explain the key provisions, and answer questions before the agreement is finalized.

What This Service Includes

This flat-fee service includes the drafting of a co-owner buy-out agreement tailored to your situation. The agreement typically addresses the purchase price and payment terms, timing of the ownership transfer, treatment of any existing loans, whether any party remains obligated on a mortgage, indemnity and risk allocation between the parties, and what happens if the buyer or seller fails to perform after the transfer.

The service also includes a consultation to review the agreement, explain the structure in plain English, and answer questions so you understand how the exit is being handled and what the legal consequences are.

This package can be used for situations where the property is owned free and clear or where an existing loan remains in place, with the agreement structured accordingly.

How It Works

After you engage us, you will complete a guided intake and provide the basic deal terms for the buy-out. We will prepare a draft buy-out agreement based on that information. Once the draft is ready, we will schedule a consultation to review the agreement, explain the key provisions, and answer questions. After that review, we will finalize the agreement and deliver it to you for execution.

What This Service Does Not Include

This service does not include negotiating with the other party, communicating with lenders, title companies, or escrow, recording documents, or managing the transaction closing. It also does not include tax advice, estate planning, or litigation. If the matter is contested, requires active negotiation, involves complex restructuring, or requires coordination with third parties, a separate engagement may be required.