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Property Agreement For Unmarried Couples
"I need a Property Agreement For Unmarried Couples to be drafted for me and my partner as we're purchasing our first home together in Cape Town in March 2025, with a 60-40 ownership split based on our financial contributions."
1. Parties: Full details of both parties, including full names, identity numbers, current addresses, and contact information
2. Background: Context of the relationship, reason for the agreement, and acknowledgment of unmarried status
3. Definitions: Definitions of key terms used throughout the agreement, including 'joint property', 'separate property', 'cohabitation', etc.
4. Interpretation: Rules for interpreting the agreement, including general principles and resolution of conflicts
5. Duration and Commencement: When the agreement takes effect and how long it remains valid
6. Existing Separate Property: Declaration and detailed listing of property owned separately by each party prior to cohabitation
7. Joint Property: Definition and treatment of jointly acquired property during the relationship
8. Financial Obligations: Division of financial responsibilities including mortgage, utilities, maintenance, and other household expenses
9. Property Management: Rules for managing both separate and joint property, including decision-making processes
10. Future Property Acquisition: Agreement on how future property purchases will be handled and classified
11. Termination: Circumstances under which the agreement can be terminated and the process for termination
12. Division of Property: Process and principles for dividing property if the relationship ends
13. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration processes
14. General Provisions: Standard contractual clauses including entire agreement, amendments, notices, and governing law
1. Rental Property Arrangements: Specific provisions for rental properties, used when the couple is renting together or from each other
2. Business Interests: Provisions dealing with business ownership and operation, included when either party owns a business
3. Mortgage and Bond Provisions: Detailed arrangements for mortgage payments and responsibilities, included when property is bonded
4. Children's Accommodation: Provisions regarding property use and division considering children's needs, included when either party has children
5. Death Provisions: Arrangements for property division in case of death, particularly important in absence of a will
6. Pets and Animal Care: Provisions for pet ownership and care responsibilities, included when the couple has pets
7. International Property: Additional provisions for property owned in other countries, included for international property ownership
8. Third-Party Rights: Provisions regarding family members or other third parties with interests in the property
1. Schedule A - Separate Property Inventory: Detailed inventory of each party's separate property including values and proof of ownership
2. Schedule B - Joint Property Inventory: Comprehensive list of jointly owned property with values and ownership percentages
3. Schedule C - Financial Contributions: Record of financial contributions made by each party to property acquisition or improvement
4. Schedule D - Maintenance Responsibilities: Detailed breakdown of maintenance responsibilities for each property
5. Schedule E - Property Valuation Reports: Professional valuation reports for significant property assets
6. Schedule F - Mortgage Details: Details of any mortgage bonds, including payment responsibilities and arrangements
7. Appendix 1 - Property Documents: Copies of relevant property registration documents, title deeds, and certificates
8. Appendix 2 - Proof of Payments: Records of significant payments made towards property acquisition or improvement
Authors
Legal Services
Real Estate
Property Management
Financial Services
Mortgage Banking
Insurance
Conveyancing
Property Development
Estate Planning
Legal
Real Estate
Property Management
Financial Advisory
Conveyancing
Estate Planning
Contract Management
Risk Management
Compliance
Document Processing
Legal Counsel
Property Lawyer
Conveyancing Attorney
Real Estate Agent
Property Manager
Financial Advisor
Mortgage Broker
Estate Planner
Legal Document Specialist
Property Rights Attorney
Family Law Practitioner
Relationship Rights Lawyer
Legal Contract Manager
Property Rights Consultant
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