„If people are divided, the only solution is agreement.“ John Hume Every family wants to believe that they all see the holiday home in the same light, and without a doubt all want the best for their siblings, children and parents. Nevertheless, there may be unsaid concerns and, if discussed calmly and calmly when the cottage sharing agreement is created, potentially contentious issues can be dealt with in a civil manner. Once the cabin succession plan is eliminated and the Cottage Sharing Agreement signed in a healthy spirit of collaboration and compromise, all family members can be confident that their beloved holiday home will remain a family treasure for future generations. Peter Lillico, a lawyer from Peterborough, Ontario, is a partner at Lillico/Bazuk/Galloway/Halka and an expert in family planning. Instead of lighting the fuse on a time bomb that can now be clearly predicted to finally blow up the owners` faces, parents can, with this early warning, rethink and adapt the plan of the cabin`s succession to avoid a possible fusion of the nucleus on the inevitable problems of the hut. But once the cabin succession plan is eliminated and the cottage agreement is signed in a healthy spirit of cooperation and compromise, all family members can trust that their beloved home will remain a family treasure for future generations. Cost sharing: how will you allocate maintenance costs? There is no problem if each family member has the resources and is willing to participate in the same way in covering the costs. But this is rarely the case. You can link financial contributions to the frequency with which each family member uses the cottage, or agree that some may do more work in the cottage instead of financial contributions. Sometimes parents buy insurance to fund the costs once they are gone. In any event, it is a good idea, if possible, to create a „reserve fund“ to which everyone contributes each year to fund major repairs when they become necessary. How to create a cabin sharing agreement (also a cabin succession contract). 2.C is a structure for children when parents are no longer involved in the cottage to ensure that financial responsibility, sharing of use issues, division of labour and a fair method of dispute resolution, acceptable to both parties, are available to avoid the inevitable rough water.

Beyond the personal and tax issues arising from the property itself, which are the subject of further examination in our consultation, daily problems often arise between family members who are co-owners of Cottages.