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Property Agreement For Unmarried Couples
"I need a Property Agreement For Unmarried Couples under Philippine law for my partner and me to clearly establish ownership rights for our newly purchased Manila condominium and outline how we'll share mortgage payments starting January 2025."
1. Parties: Identification and details of both parties entering into the agreement
2. Background: Context of the relationship and purpose of the agreement
3. Definitions: Clear definitions of key terms used throughout the agreement, including types of property, contributions, and relevant relationship terms
4. Separate Property: Declaration and listing of properties owned individually by each party prior to cohabitation
5. Joint Property: Definition and listing of properties jointly owned or acquired during cohabitation
6. Financial Contributions: Agreement on how parties will contribute to property acquisition, maintenance, and improvement
7. Property Management: Rules for management of joint properties, including decision-making processes
8. Future Acquisitions: Framework for handling property acquired after the agreement's execution
9. Division of Property: Procedures for property division in case of relationship termination
10. Dispute Resolution: Process for resolving disagreements about property matters
11. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional matters
12. Term and Termination: Duration of the agreement and conditions for termination or modification
13. Execution: Signature blocks and execution requirements
1. Death Provisions: Optional section dealing with property disposition upon death of either party, recommended when parties wish to include inheritance arrangements
2. Foreign Ownership Provisions: Required when one party is a foreign national, addressing restrictions on land ownership under Philippine law
3. Business Assets: Optional section for couples who own business assets together or separately
4. Debt Allocation: Optional section specifying how existing and future debts will be handled
5. Property Maintenance: Optional detailed section about maintenance responsibilities and cost-sharing for properties
6. Third-Party Rights: Optional section addressing rights of children or other family members in relation to the property
7. Insurance Requirements: Optional section specifying insurance requirements for jointly owned properties
1. Schedule A - Separate Property Inventory: Detailed inventory of properties owned separately by each party prior to the agreement
2. Schedule B - Joint Property Inventory: Detailed inventory of properties jointly owned at the time of the agreement
3. Schedule C - Valuation Reports: Professional valuations of significant properties covered by the agreement
4. Schedule D - Financial Contributions: Record of financial contributions made by each party to joint properties
5. Schedule E - Property Documents: Copies of property titles, deeds, and other relevant ownership documents
6. Appendix 1 - Proof of Ownership: Supporting documentation proving ownership of listed properties
7. Appendix 2 - Property Photographs: Photographic evidence of property condition at time of agreement
Authors
Parties
Relationship
Cohabitation
Separate Property
Joint Property
Common Property
Property
Real Property
Personal Property
Financial Contribution
Non-Financial Contribution
Property Expenses
Fair Market Value
Effective Date
Termination Date
Relationship Termination
Capital Improvement
Maintenance Costs
Property Income
Rental Income
Bank Account
Joint Bank Account
Separate Bank Account
Property Documents
Property Rights
Ownership Share
Property Manager
Encumbrance
Mortgage
Loan
Legal Costs
Professional Fees
Business Day
Force Majeure
Material Change
Dispute
Mediator
Transfer
Disposition
Initial Contribution
Subsequent Contribution
Improvements
Insurance
Property Tax
Utilities
Authorized Representative
Written Notice
Governing Law
Jurisdiction
Declarations
Property Rights
Ownership
Joint Property
Separate Property
Financial Contributions
Property Management
Decision Making
Property Maintenance
Income Distribution
Expenses Allocation
Future Acquisitions
Property Registration
Transfer Restrictions
Death Provisions
Separation Provisions
Division of Property
Valuation
Third Party Rights
Foreign Ownership
Insurance
Tax Obligations
Record Keeping
Bank Accounts
Dispute Resolution
Mediation
Arbitration
Termination
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Force Majeure
Notices
Costs
Compliance with Law
Representations and Warranties
Further Assurance
Legal Services
Real Estate
Financial Services
Property Management
Notarial Services
Banking
Insurance
Local Government
Construction
Property Development
Legal
Real Estate
Property Management
Wealth Management
Financial Advisory
Document Processing
Compliance
Risk Management
Client Relations
Notarial Services
Legal Counsel
Property Lawyer
Real Estate Attorney
Notary Public
Property Manager
Real Estate Agent
Financial Advisor
Wealth Manager
Bank Manager
Property Assessor
Legal Document Specialist
Family Law Specialist
Estate Planning Advisor
Property Rights Consultant
Civil Law Expert
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