Co-ownership, simplified: Pacaso's DIY legal resources

headshot of writer Tony Huynh
Tony Huynh
August 1, 2024
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Co-buying is increasingly becoming the norm for purchasing a home. At Pacaso, we’ve seen co-ownership grow rapidly in the past year across different U.S. markets, offering a more affordable real estate option and empowering buyers to right-size their ownership.In addition to our fully managed, co-owned vacation homes, Pacaso provides DIY legal services for buyers looking to facilitate a co-ownership structure on their own — whether for a primary residence or a secondary property.

New markets, new offerings 

DIY co-ownership isn’t a new practice — family members and friends have long come together to purchase, own and enjoy real estate. However, co-owning a home on your own can be challenging, complex and prone to dispute. While Pacaso simplifies the whole process with our fully managed model and can take care of everything for buyers, we understand the importance of choice and flexibility.That’s why we now offer à la carte services to empower buyers who want to take on co-ownership independently. By adding additional service offerings, we aim to accommodate a range of real estate needs and preferences, whether that’s co-owning a vacation home with a group of close friends, co-owning a whole home curated on our site, or co-buying a primary property with a family member.

Personalized resources at your fingertips

You’re in good hands with our DIY offerings. As the leader in LLC co-ownership, our experienced team has spent thousands of hours meticulously forming LLCs for more than 1,500 owners. They’re specialists at crafting legal templates specifically for this kind of ownership. Unlike cookie-cutter template templates found online, Pacaso's DIY offerings are truly tailored for co-ownership arrangements — whether you want to own a vacation home or co-live in a primary home. Our templates consider the unique dynamics and intricacies involved in sharing a property, and are tailored for each home type. It’s our team’s specialty, and we make sure to cover every detail.Our legal templates have detailed instructions and include:
  • LLC set-up ($50): This template provides a step-by-step guide and checklist for forming and registering your LLC.
  • Operating agreement ($250): This package is tailored to your specific LLC needs, outlining guidelines for operating and governing your primary home or vacation like member rights, responsibilities, obligations and more. The template also includes Articles of Organization, needed to register your LLC with the state. 
While individual consultation with our legal team is not available, buyers can trust in the integrity and thoroughness of Pacaso's templates. We also encourage buyers to seek independent legal counsel to ensure all their individual needs are addressed.
With these comprehensive forms and templates, Pacaso aims to not only expand the co-ownership experience to more buyers but also to facilitate a smooth and accessible experience.

Designed for easy co-ownership

We’ve spent time creating these legal templates and resources to remove all the guesswork from co-ownership and give buyers the tools and resources they need to succeed. Our à la carte DIY services empower you to take control of your co-ownership journey and navigate all the complexities with ease and confidence.
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