Professional Co-ownership is a form of co-ownership but, instead of being between two or more individuals, it is formed between an individual and a corporation.
At Ourboro, we specialize in professional co-ownership. Ourboro contributes towards the down payment of the home for a share of the equity in the property. Through our professional co-ownership model, the money we provide toward the down payment is a co-investment, not debt. That is why there are no interest or additional monthly payments.
Professional Co-ownership is important as it comes with additional benefits that conventional co-ownership, between two or more individuals, doesn’t.
As a corporation, professional co-owners like Ourboro don’t have an emotional attachment to the property. This means the home is 100% the co-owner’s to live in and enjoy. In fact, Ourboro will enter the agreement expecting to never step foot on the property.
As a professional co-owner, Ourboro’s relationship to co-buyers is as an investor; we only benefit when the home appreciates in value, just as our co-owner would. If the home depreciates, we share in the losses too.
An additional benefit of professional co-ownership lies in the stability and security of our agreement. Ourboro’s co-ownership agreement has been reviewed extensively by our lawyers, stakeholders and by various partners and industry experts. The agreement is also reviewed by each and every one of our co-owners’ independent legal advisors prior to each co-investment. This ensures the agreement has been thoroughly understood by all parties. When private individuals are drafting a co-ownership agreement on their own, there is a higher risk that elements may be overlooked, leading to future disputes.
Join us at Ourboro’s Open House! Meet our team and enjoy an evening of food, drinks, and good company.
We promise we won’t send you spam and you can unsubscribe at any time.