Cohabitation Property Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Cohabitation Property Agreement serves as a crucial legal instrument in the UAE for individuals who wish to establish clear property rights and financial arrangements while sharing a residence. This document has become increasingly relevant following recent legal reforms in the UAE, particularly Federal Decree-Law No. 33 of 2021, which introduced more progressive personal status laws. The agreement focuses solely on property and financial matters, carefully structured to comply with UAE civil law and public policy requirements. It covers individual and shared property rights, financial responsibilities, property acquisition during cohabitation, and termination arrangements. This document is particularly important for expatriates and non-Muslim residents in the UAE who need to establish clear property rights while cohabiting, ensuring their arrangements are legally protected within the jurisdiction's framework.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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