Cohabitation Agreement Example Ontario

14.3.2022

Are you planning on moving in with your significant other in Ontario? If so, it`s important to protect yourself and your assets by creating a cohabitation agreement. A cohabitation agreement is a legal document that outlines the rights and responsibilities of both parties in a cohabiting relationship. It can cover a variety of topics, such… Zobrazit článek

Are you planning on moving in with your significant other in Ontario? If so, it`s important to protect yourself and your assets by creating a cohabitation agreement.

A cohabitation agreement is a legal document that outlines the rights and responsibilities of both parties in a cohabiting relationship. It can cover a variety of topics, such as the division of property, financial obligations, and even custody arrangements for pets.

To help you get started, we`ve provided an example of a cohabitation agreement specific to Ontario:

1. Purpose of Agreement

This agreement sets out the terms of cohabitation between ___________ (hereafter referred to as „Party 1″) and ___________ (hereafter referred to as „Party 2″).

2. Ownership of Property

(a) All property owned by Party 1 or Party 2 prior to the commencement of cohabitation shall remain the sole property of the respective owner.

(b) Any property purchased during cohabitation by either Party shall be deemed to be owned jointly and in equal shares by both Parties.

(c) In the event of separation, any jointly owned property shall be divided equally between the Parties or as otherwise agreed upon by both Parties.

3. Financial Obligations

(a) Each Party shall be responsible for their own personal expenses, including but not limited to, clothing, food, and entertainment.

(b) Any shared expenses, such as rent or utilities, shall be divided equally between the Parties or as otherwise agreed upon by both Parties.

(c) In the event of separation, each Party shall be responsible for their own debts.

4. Termination

This agreement shall terminate upon the mutual agreement of both Parties, or upon the occurrence of any of the following events:

(a) Marriage between Party 1 and Party 2

(b) Separation between Party 1 and Party 2

(c) Death of Party 1 or Party 2

5. Governing Law

This agreement shall be governed by and construed in accordance with the laws of the Province of Ontario.

This is just an example of a cohabitation agreement, and it`s important to note that each agreement is unique to the individual couple. It`s recommended to seek professional legal advice when creating your own cohabitation agreement.

Protect yourself and your assets by ensuring that you have a clear and comprehensive cohabitation agreement in place before moving in with your significant other.