Co-Habitation Agreement

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Co-Habitation Agreement

Co-Habitation Agreement

Co-Habitation Agreement

This Co-Habitation Agreement (the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

Party A: {{party_a_full_name}}, residing at {{party_a_address}}, (hereinafter referred to as “Party A”);

AND

Party B: {{party_b_full_name}}, residing at {{party_b_address}}, (hereinafter referred to as “Party B”).

Party A and Party B are collectively referred to as “the Parties”.

Recitals

WHEREAS, the Parties intend to cohabit and reside together at {{shared_address}} (the “Shared Residence”);

WHEREAS, the Parties desire to define their respective rights and obligations concerning their assets, liabilities, income, and expenses, both individually and jointly, during their cohabitation and in the event of separation;

WHEREAS, the Parties acknowledge that this Agreement is entered into voluntarily, without duress or undue influence, and after having had the opportunity to seek independent legal advice.

Commencement and Duration

This Agreement shall commence on {{commencement_date}} and shall continue until terminated by either Party in accordance with the provisions herein, or upon the marriage or civil partnership of the Parties to each other.

Shared Residence and Expenses

The Parties agree to reside together at the Shared Residence. The ownership or leasehold interest in the Shared Residence shall be as follows: {{shared_residence_ownership_details}}.

The Parties shall contribute to the expenses related to the Shared Residence, including but not limited to rent/mortgage payments, utilities, maintenance, and household supplies, in the following proportions: {{expense_contribution_details}}.

Each Party shall be responsible for their own personal expenses unless otherwise agreed upon in writing.

Separate Property

Each Party shall retain ownership and control of all property acquired individually by them before the commencement of this Agreement, or acquired by them individually during the cohabitation period through gift, inheritance, or personal effort, and such property shall remain their separate property. This includes, but is not limited to, {{description_of_separate_property_party_a}} for Party A and {{description_of_separate_property_party_b}} for Party B.

Any income or appreciation derived from separate property shall remain the separate property of the owning Party.

Joint Property

Any property acquired jointly by the Parties during the term of this Agreement with the intention of joint ownership, or property designated as joint property in writing by both Parties, shall be considered joint property. Examples of potential joint property include: {{description_of_potential_joint_property}}.

In the event of separation, joint property shall be divided as follows: {{joint_property_division_details}}.

Bank Accounts and Debts

The Parties shall maintain separate bank accounts for their individual income and expenses. A joint bank account may be established for shared household expenses, into which each Party contributes as per the agreed expense contribution details.

Each Party shall be solely responsible for their individual debts incurred before or during the cohabitation period, unless such debts were incurred jointly with the express written consent of both Parties. Joint debts shall be repaid in the following manner: {{joint_debt_repayment_details}}.

Financial Support

Unless otherwise agreed upon in writing, neither Party shall have a claim for financial support or maintenance from the other Party, either during cohabitation or upon separation.

If the Parties agree to provisions for financial support upon separation, these shall be clearly outlined in a separate addendum or amendment to this Agreement.

Termination of Agreement and Division of Assets

This Agreement may be terminated by either Party providing {{notice_period}} days’ written notice to the other Party, or by mutual written agreement of the Parties.

Upon termination of this Agreement, the Parties shall endeavour to amicably resolve all matters relating to the division of joint property and repayment of joint debts in accordance with the provisions herein.

Should the Parties be unable to agree on the division of any assets or liabilities, they agree to seek mediation before resorting to litigation.

Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by the courts of {{country}}.

Amendments

This Agreement may only be amended or modified by a written instrument signed by both Parties.

Signatures

IN WITNESS WHEREOF, the Parties hereto have executed this Co-Habitation Agreement on the date first above written.

_______________________________

{{party_a_full_name}} (Party A)

_______________________________

{{party_b_full_name}} (Party B)

WITNESSES:

_______________________________

Full Name: {{witness_1_full_name}}

Address: {{witness_1_address}}

Signature: _______________

_______________________________

Full Name: {{witness_2_full_name}}

Address: {{witness_2_address}}

Signature: _______________