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Cohabitation Property Agreement
"I need a Cohabitation Property Agreement for a Malaysian couple where one partner owns a successful business and multiple properties, while the other partner will be moving into one of these properties in March 2025; the agreement should protect both parties' interests and establish clear guidelines for shared living expenses."
1. Parties: Identification and details of the cohabiting partners entering into the agreement
2. Background: Context of the relationship, intention to cohabit, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including 'Joint Property', 'Separate Property', 'Cohabitation Period', etc.
4. Property Rights and Ownership: Detailed provisions regarding ownership of existing and future property, including real estate, vehicles, and personal belongings
5. Financial Arrangements: Terms regarding joint accounts, bill payments, household expenses, and financial responsibilities
6. Property Division Principles: Framework for how property will be divided in case of relationship breakdown
7. Dispute Resolution: Process for resolving disagreements about property and financial matters
8. Termination: Circumstances and procedures for terminating the agreement
9. Governing Law: Specification that the agreement is governed by Malaysian law
1. Inheritance Provisions: Used when parties wish to include specific provisions about property inheritance rights
2. Business Interests: Required when either or both parties own business interests that need protection
3. Debt Management: Important when parties have significant existing debts or anticipate taking on joint debts
4. Children's Provisions: Used when there are children involved to address property held in trust or financial provisions for children
5. Religious Considerations: Necessary when one or both parties are Muslim to ensure compliance with Shariah principles
6. Property Development: Required when parties plan to develop property together or make significant improvements to existing property
1. Schedule 1: Asset Inventory: Detailed list of all assets owned by each party at the time of agreement
2. Schedule 2: Property Valuations: Current market valuations of significant properties owned by either party
3. Schedule 3: Financial Disclosure: Statement of each party's financial position including assets, liabilities, and income
4. Schedule 4: Shared Household Items: Inventory of jointly owned household items and their agreed ownership
5. Appendix A: Property Documents: Copies of property titles, mortgages, and other relevant property documentation
6. Appendix B: Financial Obligations: Details of ongoing financial commitments and how they will be managed
Authors
Legal Services
Real Estate
Property Management
Financial Services
Private Client Services
Family Services
Wealth Management
Professional Services
Legal
Property
Private Client
Family Law
Wealth Management
Document Processing
Real Estate
Client Advisory
Compliance
Lawyer
Legal Counsel
Property Lawyer
Family Law Specialist
Estate Planning Attorney
Paralegal
Legal Executive
Property Manager
Wealth Manager
Financial Advisor
Real Estate Agent
Private Client Advisor
Commissioner for Oaths
Legal Document Specialist
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