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Cohabitation Property Agreement
"I need a Cohabitation Property Agreement for two UAE residents who jointly own a property in Dubai Marina and have separate investment portfolios, with an expected signing date of March 2025."
1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and acknowledgment of the parties' intention to live together and manage their property rights
3. Definitions: Key terms used throughout the agreement including 'Shared Property', 'Individual Property', 'Effective Date', etc.
4. Purpose and Scope: Clear statement of the agreement's purpose limited to property and financial arrangements
5. Individual Property Rights: Definition and listing of properties owned separately by each party
6. Shared Property Arrangements: Definition and listing of jointly owned properties and their management
7. Financial Responsibilities: Allocation of expenses, utilities, and other regular costs
8. Property Acquisition During Cohabitation: Rules for characterizing and managing property acquired during the period of cohabitation
9. Bank Accounts and Investments: Management of joint and separate financial accounts and investments
10. Termination: Circumstances and process for terminating the agreement
11. Property Division Upon Termination: Process and rules for dividing property if the arrangement ends
12. Dispute Resolution: Process for resolving disagreements under UAE law
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts
1. Debts and Liabilities: Section dealing with allocation of debts and financial responsibilities when significant shared debts exist
2. Business Interests: Section addressing any shared business ventures or investments when applicable
3. Inheritance Rights Disclaimer: Clear statement that the agreement does not create inheritance rights when parties wish to explicitly address this
4. Insurance Policies: Provisions regarding life, health, or property insurance when parties share insurance arrangements
5. Vehicles and Personal Property: Detailed provisions for shared vehicles and valuable personal property when significant shared assets exist
6. Property Management: Detailed provisions for management of shared real estate when investment properties are involved
7. Third-Party Rights: Provisions addressing rights of other parties (such as family members) when relevant to property arrangements
1. Schedule A - Individual Property Inventory: Detailed list of each party's individual property at the time of agreement
2. Schedule B - Shared Property Inventory: Detailed list of all jointly owned property
3. Schedule C - Financial Accounts: List of all relevant bank accounts, investments, and financial assets
4. Schedule D - Property Documents: Copies of property ownership documents, titles, and registration certificates
5. Schedule E - Expense Allocation: Detailed breakdown of shared expenses and payment responsibilities
6. Appendix 1 - Property Valuation Reports: Independent valuations of significant properties covered by the agreement
7. Appendix 2 - Legal Compliance Certificate: Confirmation of compliance with relevant UAE property and civil laws
Authors
Effective Date
Individual Property
Joint Property
Shared Property
Cohabitation Period
Property
Real Estate
Movable Property
Financial Assets
Bank Accounts
Investment Assets
Common Expenses
Individual Expenses
Property Documents
Termination Date
Termination Notice
Force Majeure Event
Property Rights
Financial Obligations
Shared Residence
Principal Residence
Additional Properties
Business Day
Confidential Information
Dispute
Governing Law
Jurisdiction
Material Change
Notice
Party/Parties
Personal Effects
Pre-existing Property
Property Schedule
Separation
Third Party
UAE
Valuation Date
Working Day
Recitals
Definitions
Interpretation
Individual Property Rights
Joint Property Rights
Financial Responsibilities
Property Management
Expense Allocation
Bank Accounts
Property Acquisition
Property Disposal
Maintenance and Repairs
Insurance
Utilities
Debt Management
Record Keeping
Property Registration
Duration
Termination
Property Division
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Notices
Amendments
Severability
Entire Agreement
Confidentiality
Third Party Rights
Compliance with Laws
Representations and Warranties
Assignment
Costs and Expenses
Waiver
Legal Services
Real Estate
Property Management
Wealth Management
Financial Services
Private Banking
Professional Services
Consulting Services
Legal
Real Estate
Compliance
Private Client Services
Wealth Management
Document Management
Property Services
Client Advisory
Risk Management
Legal Counsel
Property Lawyer
Real Estate Manager
Wealth Manager
Financial Advisor
Property Rights Specialist
Compliance Officer
Legal Document Specialist
Private Client Advisor
Real Estate Legal Consultant
Asset Manager
Property Portfolio Manager
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