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Property Agreement For Unmarried Couples
"I need a Property Agreement For Unmarried Couples that covers a 70-30 ownership split of a London apartment, where I'm contributing 70% of the deposit and monthly mortgage payments, to be completed before March 2025 when we plan to move in together."
1. Parties: Details of both parties including full names, addresses, and occupation
2. Background: Context of the agreement, property details, and relationship status
3. Definitions: Key terms used throughout the agreement including Property, Shares, Contributions, and other relevant definitions
4. Property Ownership: Specification of ownership shares and type of ownership (joint tenants or tenants in common)
5. Financial Contributions: Details of initial and ongoing financial contributions including purchase price, deposit, and mortgage payments
6. Property Costs: Allocation of mortgage, maintenance, insurance, utilities and other property-related costs
7. Termination: Process for ending the agreement including sale, buy-out provisions, and dispute resolution
1. Improvements and Alterations: Rules and procedures for making modifications to the property and how costs and value increases will be shared
2. Pets and Animals: Rules and responsibilities regarding keeping pets in the property
3. Business Use: Provisions for using the property for business purposes including home offices
4. Third Party Occupants: Rules about other occupants, lodgers, or rental arrangements
1. Schedule 1: Property Details: Full property description, title details, and registration information
2. Schedule 2: Financial Schedule: Detailed breakdown of financial contributions and payment schedules
3. Schedule 3: Inventory: List of jointly owned items and their agreed values
4. Appendix A: Property Valuation: Initial property valuation report and methodology for future valuations
5. Appendix B: Mortgage Details: Copy of mortgage agreement and payment terms
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