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In this tutorial, Ann Thompson discusses co-ownership agreements for purchasing recreational properties with friends. She highlights an example of buying a $500,000 property, where each party contributes equally. However, she emphasizes the importance of establishing a co-ownership agreement before making an offer to avoid future complications. Key considerations include determining how ownership will be registered on the title—whether equally or based on individual contributions. Setting these details in advance is crucial to ensuring a smooth co-ownership experience.