1. Defining your vision and decisionmaking structures

_{PHOTO BY ERIKA KAPIN FOR THE OPEN PHOTO PROJECT}

VISION

Defining your vision

Once you’ve formed your group of committed co-buyers, arguably the most difficult part of co-ownership isn’t legal; it’s defining a vision that everyone can agree on.

We won’t spend much time here, but the Appendix section will point you to several helpful tools that other groups have used to define their vision together.

DECISIONMAKING

Defining your decisionmaking structures

Setting up a reliable decisionmaking structure that everyone agrees to is important when entering into financially and emotionally significant contracts with others.

See the Appendix section for resources on decisionmaking structures that other successful co-owners have found helpful. A lawyer can help your group codify your decisionmaking processes in a joint agreement.

_{PHOTO BY ERIKA KAPIN FOR THE OPEN PHOTO PROJECT}