Parties agree in this form that if the Residence is ever sold, the party who paid the down payment and closing costs when the Residence was originally purchased should be reimbursed from the net sales proceeds first. Consideration should be given to recording this Agreement with the appropriate county clerk and recorder of deeds.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence is a legally binding contract that defines how the proceeds from the sale of a shared property will be distributed between unmarried partners in the event of a separation or the sale of the residence. This type of agreement is specifically designed for unmarried couples who own a property together but wish to establish clear guidelines for dividing the financial assets upon the sale. One common variation of this agreement is the Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence — Equal Split. In this particular agreement, both partners agree to split the proceeds from the sale evenly, typically 50/50. Another variation is the Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence — Proportional Share. This type of agreement factors in the percentage of each partner's contribution towards the purchase, mortgage payments, and property maintenance. The distribution of proceeds in such cases is determined based on these proportions. The agreement typically covers various aspects related to the sale of the shared property, including the sale price, expenses, outstanding loans, and deductions that need to be accounted for before determining the net proceeds. It also outlines the methodology for calculating the distribution and any additional provisions or conditions that the partners may agree upon. Keywords: Contra Costa California, agreement, parties, living together, remaining unmarried, distribution of proceeds, sale of residence, unmarried couples, guidelines, financial assets, separation, variation, equal split, proportional share, property ownership, purchase, mortgage payments, property maintenance, net proceeds, provisions.A Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence is a legally binding contract that defines how the proceeds from the sale of a shared property will be distributed between unmarried partners in the event of a separation or the sale of the residence. This type of agreement is specifically designed for unmarried couples who own a property together but wish to establish clear guidelines for dividing the financial assets upon the sale. One common variation of this agreement is the Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence — Equal Split. In this particular agreement, both partners agree to split the proceeds from the sale evenly, typically 50/50. Another variation is the Contra Costa California Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence — Proportional Share. This type of agreement factors in the percentage of each partner's contribution towards the purchase, mortgage payments, and property maintenance. The distribution of proceeds in such cases is determined based on these proportions. The agreement typically covers various aspects related to the sale of the shared property, including the sale price, expenses, outstanding loans, and deductions that need to be accounted for before determining the net proceeds. It also outlines the methodology for calculating the distribution and any additional provisions or conditions that the partners may agree upon. Keywords: Contra Costa California, agreement, parties, living together, remaining unmarried, distribution of proceeds, sale of residence, unmarried couples, guidelines, financial assets, separation, variation, equal split, proportional share, property ownership, purchase, mortgage payments, property maintenance, net proceeds, provisions.
