Cohabitation Agreement Of Cohabitants Page 2
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Of these expenses, cohabitant1_FirstName cohabitant1_MiddleName cohabitant1_LastName
cohabitant1_Suffix shall contribute cohabitant1_share percent and cohabitant2_FirstName
cohabitant2_MiddleName cohabitant2_LastName cohabitant2_Suffix shall contribute
cohabitant2_share percent.
The parties shall deposit their pro rata contributions monthly into the joint checking account of the
parties. Either party can draw on this checking account. Any property purchased from this checking
account shall be considered joint property of the parties, owned according to each party's respective
percentage of contribution as noted above.
Should either party for a time be unable to contribute, the sums may be advanced. However, after
advances totaling $1000.00 the sum will be considered to be gifts and any obligation to adjust
accounts shall cease unless a promissory note is executed therefore.
5. Should the parties purchase assets in joint names, such assets shall be considered as held in tenancy
in common.
Each party shall contribute from their own resources and income one-half of the upkeep, taxes, and
other fees or charges on such property.
In the event that one party shall fail to pay as agreed, and the other party contributes in excess of his
prorate share, this excess contribution shall be chargeable to the proceeds if any upon resale of the
property, and such excess contribution shall bear interest at the legal rate of interest then in effect.
6. Other than debts validly contracted for services or materials or otherwise related to joint property
of the parties, if any, neither party shall have the right to obligate, act for, contract for or represent the
other party.
7. This constitutes the entire Agreement of the parties and there are no agreements other than those
stated herein. This Agreement shall only be modified by a writing executed by both parties hereto.
8. If it is found that a provision of this Agreement is invalid because it is contrary to applicable law,
that provision shall be separable from the rest of the Agreement, so that the remainder of the
Agreement will remain valid and enforceable.
9. This Agreement is made in accordance with the laws of cohabitantState, and any dispute regarding
its enforcement will be resolved by reference to the laws of that state.
10. This Agreement will become null and void upon the legal marriage of these parties.
11. Consideration for this contract consists only of the mutual promises contained on the face of this
document.
12. This Agreement shall be terminated by written notice by either party, the ending of the
cohabitation, or by the death of either party. On termination of this Agreement, all jointly owned
property shall be divided among the parties according to their pro rata share listed above. If the
parties cannot agree on a fair distribution of the property, they may appoint an independent and
mutually agreed on Third-party to act as appraiser, who will divide the property according to the pro
rata share.
13. additional_item1
DATED: _____________________________
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