Cohabitation Agreement (Life Partnership) – without Accrual
R654.50
A Life Partnership Agreement (or Cohabitation Agreement) may be used by two people who are not married but live together as if husband and wife. A Life Partnership Agreement specifies how the parties’ assets are to be dealt if the parties split up, or either of them dies. The agreement also sets out the parties’ respective obligations in respect of expenses. For the purpose of calculating the split of their joint estate, this agreement provides that the couple’s estate during the relationship is not accrued.
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Description
COHABITATION AGREEMENT / LIFE PARTNERSHIP AGREEMENT
Without Accrual
Summary A Cohabitation (or Life Partnership) Agreement may be used by two people who live together as if husband and wife, but are not married. The agreement specifies how the parties’ assets are to be dealt if the parties split up, or either of them dies. The document also sets out the parties’ respective obligations in respect of expenses. For the purpose of calculating the split of their joint estate, this agreement provides that the couple’s estate during the relationship is not accrued.
Also viewed: Life Partnership Agreement with Accrual
Who should use a Cohabitation or Life Partnership Agreement? An unmarried couple who are in a relationship and living with each other should seriously consider signing a Cohabitation Agreement, thereby protecting both parties’ financial interests. A Life Partnership Agreement sets out the financial terms of a couple’s relationship and provides protection for the parties upon death or should the relationship fail. This Agreement can be used for both same-sex relationships as well as heterosexual relationships.
What does the Agreement say? The Agreement consists of: Introduction; Patrimonial Issues; Rights of Support; Household Expenses; Arbitration and Termination; General.
What does the document look like? The agreement can be printed onto nine pages.
What do you need to do to use this Agreement?
- Read the template Cohabitation document to ensure that it suits your requirements. Make changes to suit your unique needs, as required.
- Fill in the blanks, complete the personal assets annexures with the relevant details.
- Ensure both parties sign the agreement.
- Provision has been made for the parties to sign the Agreement before a commissioner of oaths, if required.
Also known as: Conditions of Cohabitation; Cohabitation Contract
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