JOINT BUYERS COST-SHARING AGREEMENT
1. PROPOSED PURCHASE
Buyer one: __________. Buyer two: __________. They are considering the purchase of __________ (__________): __________ from __________ at a proposed price of __________.
This internal agreement is dated __________.
2. CONTRIBUTIONS
Buyer one funding share: __________%; buyer two funding share: __________%. Initial contributions: buyer one __________, buyer two __________.
Stamp/registration costs: __________. Brokerage/legal costs: __________.
3. LOAN AND TITLE INTENTION
Loan structure: __________. Title-share intention: __________.
This agreement does not itself transfer or create a share in the property. Any ownership shares must be stated in the operative conveyance or other legally effective instrument.
4. SHORTFALL, REFUNDS AND DECISIONS
Funding shortfall: __________. Refunds: __________. Major decisions: __________. Withdrawal: __________.
Section 54 of the Transfer of Property Act, 1882 confirms that a contract for sale does not itself create an interest in property; this agreement is only an internal allocation between prospective co-buyers.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to record the prospective co-buyers’ internal purchase contributions, shared costs, refund treatment and decision rules, communicate about that purpose, verify information expressly supplied, and retain an evidentiary record.
The record will be held by __________ and may be shown only to the buyer, seller, authorised broker/agent, advocate, lender, valuer, project promoter, escrow/payment provider or statutory authority directly involved in the stated property transaction or verification.
If the proposed transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If the transaction proceeds, the record will be retained for the term of the transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to __________. The record-holder should acknowledge and respond within 30 days.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or unrelated identity material. PAN, banking and financing information is included only in a document whose transaction purpose genuinely requires it.
Personal-data instruction: __________.
EXECUTION
Buyer one: __________
Buyer two: __________
Buyer one address: __________
Buyer two address: __________
Seller: __________
Seller address: __________
Record-holder: __________