This co-habitation agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our co-habitation agreement template:
COHABITATION AGREEMENT This Cohabitation Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR FULL NAME], ("Party A") an individual with their main address located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME], ("Party B") an individual with their main address located at: [COMPLETE ADDRESS] Whereas the Parties wish to enter into this Agreement and intend to reside at the same address as of [SPECIFY DATE]; Whereas the Parties desire to affix and define their respective property rights and liabilities arising from their joint residency; Whereas the Parties wish to set forth in writing their mutual understanding of their respective rights, expectations, and obligations with respect to one another and to each item of real, personal, or combined property, whether earned or acquired by gift, bequest, devise, descent or otherwise, before, during, and after the cohabitation period. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: PROPERTY The Parties acknowledge that this Agreement will govern any determination of ownership of property that may occur in the event of the Parties separating, or upon the death of a Party. All jointly acquired or jointly held property, however and whenever acquired, will remain the property of and be owned by both Parties and will be treated as shared property (the "Shared Property"). In the event of the Parties separating, or upon the death of a Party, all Shared Property will be deemed to be owned equally and each Party will be entitled to fifty percent (50%) of the net equity of the property, regardless of the initial or ongoing proportion of each Party's investment, unless the Parties have agreed otherwise in writing Except as otherwise provided in this Agreement, all property will be treated as property owned solely by either one of the Parties (the "Separate Property") except where: it is Shared Property; or there is proof of shared legal ownership. Nothing in this Agreement will prevent or invalidate any gift, or transfer for value, from one Party to the other of present or future property. Unless a Party can reasonably show that they solely own a piece of property, where either Party commingles jointly owned property with Separate Property, any commingled property will be presumed to be Shared Property. DEBTS The Parties acknowledge that this Agreement will govern any determination of responsibility of debts that may occur in the event of the Parties separating. All jointly acquired or jointly held debts, however and whenever acquired, will remain the debts of and be owed by both Parties and will be treated as shared debts (the "Shared Debts"). Except as otherwise provided in this Agreement, all debts will be treated as debts owed solely by either one of the Parties (the "Separate Debts") except where: it is Shared Debt; or there is proof of shared legal responsibility. In the event of a separation, or upon the death of a Party, all Shared Debt will be deemed to be owed equally and each Party will be financially responsible for 50% of any jointly acquired or jointly held debt, regardless of the initial or ongoing proportion of each Party's borrowed amount, unless the Parties have agreed otherwise in writing. DISCLOSURE OF CURRENT FINANCIAL STATUS Each Party has fully and completely, to the best of his/her knowledge, disclosed to the other Party the current financial condition including all assets and liabilities. Each Party has attached a balance sheet to this Agreement indicating the current assets and liabilities with the understanding that this balance sheet reflects the financial status to the best of their ability. SUPPORT The Parties agree that the investment of time or labor with respect to personal service in the property of the other, or otherwise, will be deemed to have been made gratuitously, and without expectation or right of compensation, unless agreed to the contrary in writing. It is the intention of the Parties to forever release each other from any support obligations now and in the future, no matter how their circumstances may change. They will not apply now or in the future under any legislation for support. They each waive any rights they may have to proceed against the other under any law or statute for support and rely upon the law of contract to govern in respect of this issue. The Parties realize that their respective financial circumstances may be altered in the future by changes in their health, the cost of living, their employment, their marital status, the breakdown of their relationship, or otherwise. No such changes will give either Party the right to seek support under any legislation. It is understood by each Party that this Agreement represents a final disposition of all support issues between them. DIVISION OF LIVING EXPENSES Necessary and jointly approved living expenses shall be apportioned between the Parties as follows: The First Party shall contribute [PERCENT] per month. The Second Party shall contribute [PERCENT] per month. The Parties shall deposit their pro rata contributions monthly into the joint checking account of the Parties. Either Party may draw upon this checking account
