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Cohabitation Property Agreement
"Need a Cohabitation Property Agreement for two business owners moving in together from March 2025, with provisions for keeping our respective business assets separate while sharing residential property costs and including specific clauses for potential future joint business ventures."
1. Parties: Full details and identification of the cohabiting partners entering into the agreement
2. Background: Context of the relationship, purpose of the agreement, and acknowledgment of the non-married status
3. Definitions: Definitions of key terms used throughout the agreement including 'shared property', 'separate property', 'cohabitation period', etc.
4. Duration and Commencement: Start date of the agreement and conditions for termination
5. Property Rights: Detailed provisions regarding ownership, division, and management of property acquired before and during cohabitation
6. Financial Arrangements: Arrangements for shared expenses, individual financial responsibilities, and joint financial commitments
7. Separate Property: Clear identification of assets and liabilities that remain individual property
8. Dispute Resolution: Process for resolving disagreements about property and financial matters
9. Termination Provisions: Procedures and consequences of terminating the cohabitation relationship
10. General Provisions: Standard contractual clauses including governing law, entire agreement, and amendments
1. Children and Dependents: Include when parties have or plan to have children, covering financial responsibilities and property implications
2. Business Interests: Include when either party owns a business or the parties have joint business interests
3. Inheritance Rights: Include when parties wish to specify mutual inheritance rights or explicitly exclude them
4. Pets and Animal Care: Include when parties have shared pets or animals requiring care arrangements
5. Medical and Insurance: Include when parties wish to address medical aid, insurance policies, and related benefits
6. Intellectual Property: Include when either party has significant intellectual property assets
7. Religious or Cultural Provisions: Include when specific religious or cultural practices affect property arrangements
8. Power of Attorney: Include when parties wish to grant specific powers to each other during incapacity
1. Schedule A - Individual Assets: Detailed inventory of each party's separate property at commencement
2. Schedule B - Individual Liabilities: List of each party's separate debts and financial obligations
3. Schedule C - Shared Assets: Inventory of jointly owned property and assets
4. Schedule D - Shared Liabilities: List of shared debts and financial obligations
5. Schedule E - Monthly Financial Obligations: Breakdown of regular shared expenses and payment responsibilities
6. Appendix 1 - Property Valuation Reports: Independent valuations of significant assets if applicable
7. Appendix 2 - Financial Disclosure Forms: Detailed financial disclosure statements from both parties
8. Appendix 3 - Proof of Ownership Documents: Copies of title deeds, registration documents, and other proof of ownership
Authors
Legal Services
Real Estate
Financial Services
Insurance
Professional Services
Banking
Property Management
Wealth Management
Family Office Services
Legal
Human Resources
Compliance
Risk Management
Employee Relations
Financial Advisory
Wealth Management
Property Management
Legal Counsel
Attorney
Conveyancing Lawyer
Family Law Specialist
Estate Planner
Wealth Manager
Financial Advisor
Property Manager
Human Resources Manager
Risk Manager
Compliance Officer
Employee Relations Manager
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