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Property Agreement For Unmarried Couples
"Need a Property Agreement For Unmarried Couples that covers a jointly purchased residential property in California, with a 60-40 ownership split and specific provisions for maintenance costs and potential future sale, to be effective from March 2025."
1. Parties: Identification and details of both parties entering into the agreement
2. Background: Context of the relationship and property ownership situation
3. Definitions: Key terms used throughout the agreement
4. Property Ownership: Details of property ownership structure and percentages
5. Financial Contributions: Agreement on sharing of expenses and financial responsibilities
6. Property Management: Decision-making process for property-related matters
7. Termination: Process for ending the agreement and dividing property
1. Death Provisions: Rights and procedures upon death of either party
2. Future Property Acquisition: Rules for handling future joint property purchases
3. Mortgage Responsibilities: Allocation of mortgage payments and obligations
4. Dispute Resolution: Procedures for resolving disagreements
1. Schedule A - Property Details: Detailed description of the property including legal description
2. Schedule B - Financial Contributions: Detailed breakdown of initial and ongoing financial contributions
3. Schedule C - Property Inventory: List of personal property and their agreed ownership
4. Schedule D - Maintenance Schedule: Agreed maintenance responsibilities and cost sharing
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