Sample of Living Together Agreement

When two people decide to live together, especially if they are unmarried and not in a domestic partnership, it is important to have a living together agreement in place. This agreement sets out the terms and conditions of cohabitation and provides a legal framework for how things will be handled if the relationship doesn`t work out. Here`s a sample of what such an agreement might include:

1. Property: The agreement should spell out who owns what property and how it will be divided if the relationship ends. This includes everything from furniture and household appliances to real estate and other assets.

2. Rent, utilities, and other household expenses: Couples should agree on how they will handle the financial obligations of living together. This can involve who pays for what expenses, whether they will split everything equally, or if one partner will be responsible for the lion`s share of the expenses.

3. Joint debt: If the couple takes on any joint debt, such as a shared credit card or mortgage, the living together agreement should delineate how the debt will be paid off if the relationship ends.

4. Alimony and child support: If one partner is financially dependent on the other or if there are children involved, the living together agreement should address how much financial support will be provided and for how long.

5. Termination: The agreement should outline the circumstances under which it can be terminated and what steps need to be taken to do so. This could include a notice period or a specific event triggering termination.

It`s important to note that a living together agreement is not a substitute for a will, power of attorney, or healthcare directive. Those legal documents should be created separately to ensure that each partner`s wishes are carried out in the event of incapacitation or death.

Creating a living together agreement may seem unromantic, but it is a practical way to protect both partners and ensure that their rights and interests are protected. By working together to define the terms of their living arrangement, couples can enjoy the benefits of cohabitation with confidence and clarity.

This entry was posted on 23rd June 2022. Bookmark the permalink.