Annex 4 to the Ownership Agreement. Governs shared investment in improvements to the Asset. Forms an integral part of that Agreement.
Section A — Purpose and Scope
the Ownership Agreement provides that the Association bears ordinary operating costs and the Owner bears extraordinary maintenance. This Annex governs a third category: shared infrastructure investments — improvements, installations, and upgrades that benefit both Parties and that neither is solely obliged to fund under the Agreement’s base terms.
Examples of shared infrastructure contributions may include:
- Installation of solar panels or renewable energy systems
- Water storage, rainwater harvesting, or greywater recycling systems
- Insulation, energy efficiency upgrades
- Composting and waste management infrastructure
- Tool storage structures, polytunnels, or small outbuildings
- Irrigation systems for food growing areas
- Accessibility improvements
- Digital infrastructure (Wi-Fi, monitoring systems)
Section B — Agreed Contributions
Complete one row per agreed contribution. Add rows as needed over the life of the Agreement.
| Improvement | Description | Estimated cost | Association contribution | Owner contribution | Other funding (grants, etc.) | Decision date | Target completion |
|---|---|---|---|---|---|---|---|
| [e.g. Solar hot water] | [e.g. 300L system, roof-mounted] | [€___] | [€___ / ___% ] | [€___ / ___%] | [€___ from ___] | [DD/MM/YYYY] | [MM/YYYY] |
Section C — Ownership of Improvements
Fixed improvements (permanently attached to the Asset): Unless otherwise agreed in writing, improvements that become fixed to the Asset become the Owner’s property upon installation. The Association shall not be entitled to compensation for such improvements upon termination, unless a specific agreement is made in Section B above.
Removable installations (equipment not permanently attached): Remain the property of whichever Party funded them, unless otherwise agreed. The funding Party may remove them upon termination, leaving the Asset in its pre-installation condition.
Section D — Decision Process
Proposed shared contributions must be:
- Proposed in writing by either Party
- Agreed in writing by both Parties (by signing an amendment to this Annex or a separate letter of agreement)
- Procured in compliance with applicable law (permits, planning consents if needed)
Neither Party may begin an improvement investment assuming the other’s contribution without prior written agreement.
Section E — Amortisation and Compensation on Early Termination
If the Agreement is terminated before an agreed improvement has reached the end of its expected useful life, the Parties shall negotiate in good faith a fair adjustment. Factors to consider:
- Total investment made
- Expected useful life of the improvement
- Years of use remaining
- Who retains the benefit (Owner retains fixed improvements)
No compensation is automatically due. Any agreed compensation shall be documented in a written termination settlement.
Signatures
This Annex forms an integral part of the Ownership Agreement executed between the Parties on [Date].
For ReGenerativa APS — ETS: _________________________ Date: _______
Owner: _________________________ Date: _______