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 San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with regard to the Distribution of Proceeds upon Sale of Residence, is a legal document that outlines the rights and responsibilities of two or more individuals who live together but are not married. This agreement ensures that each party's contributions to the residence are properly accounted for and that the proceeds from the sale of the property are distributed in a fair and equitable manner. Key terms and keywords that are relevant to this agreement include: 1. San Antonio Texas: This specifies the jurisdiction where the agreement is being executed and confirms that the laws governing this agreement are those of San Antonio, Texas. 2. Agreement: This emphasizes that both parties have mutually agreed to the terms and conditions outlined in the document. 3. Parties Living Together: Refers to the individuals who are living in the same residence as a domestic partnership, regardless of their relationship status or marital status. 4. Unmarried: Highlights that the parties involved are not legally married to each other. 5. Distribution of Proceeds: Focuses on the allocation or sharing of the financial gains obtained from the sale of the residence. 6. Sale of Residence: Refers to the act of selling the property that the parties have been living in together. Different types or variations of this agreement may include: 1. Basic San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence: This agreement may cover the basic provisions related to the division of proceeds, each party's share in the property, and their financial contributions. 2. Customized San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence: This agreement is tailored to the specific needs and circumstances of the parties involved. It may include additional provisions related to shared expenses, maintenance responsibilities, dispute resolution mechanisms, or other relevant aspects. 3. Agreement with Co-ownership Arrangement: This agreement may outline the creation of a co-ownership arrangement where both parties are listed as owners of the property. It may address the distribution of proceeds and the ownership percentages. 4. Agreement with Tenancy-in-Common Arrangement: This type of agreement may establish a tenancy-in-common arrangement, which allows the parties to hold unequal shares of ownership. The agreement would specify how the proceeds from the sale would be distributed based on their respective ownership percentages. In conclusion, a San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried is a legal document designed to protect the rights and interests of individuals who are in a non-marital living arrangement. It allows for a fair division of proceeds in the event of a property sale while considering the contributions made by each party.A San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with regard to the Distribution of Proceeds upon Sale of Residence, is a legal document that outlines the rights and responsibilities of two or more individuals who live together but are not married. This agreement ensures that each party's contributions to the residence are properly accounted for and that the proceeds from the sale of the property are distributed in a fair and equitable manner. Key terms and keywords that are relevant to this agreement include: 1. San Antonio Texas: This specifies the jurisdiction where the agreement is being executed and confirms that the laws governing this agreement are those of San Antonio, Texas. 2. Agreement: This emphasizes that both parties have mutually agreed to the terms and conditions outlined in the document. 3. Parties Living Together: Refers to the individuals who are living in the same residence as a domestic partnership, regardless of their relationship status or marital status. 4. Unmarried: Highlights that the parties involved are not legally married to each other. 5. Distribution of Proceeds: Focuses on the allocation or sharing of the financial gains obtained from the sale of the residence. 6. Sale of Residence: Refers to the act of selling the property that the parties have been living in together. Different types or variations of this agreement may include: 1. Basic San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence: This agreement may cover the basic provisions related to the division of proceeds, each party's share in the property, and their financial contributions. 2. Customized San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried with Regard to Distribution of Proceeds upon Sale of Residence: This agreement is tailored to the specific needs and circumstances of the parties involved. It may include additional provisions related to shared expenses, maintenance responsibilities, dispute resolution mechanisms, or other relevant aspects. 3. Agreement with Co-ownership Arrangement: This agreement may outline the creation of a co-ownership arrangement where both parties are listed as owners of the property. It may address the distribution of proceeds and the ownership percentages. 4. Agreement with Tenancy-in-Common Arrangement: This type of agreement may establish a tenancy-in-common arrangement, which allows the parties to hold unequal shares of ownership. The agreement would specify how the proceeds from the sale would be distributed based on their respective ownership percentages. In conclusion, a San Antonio Texas Agreement between Parties Living Together but Remaining Unmarried is a legal document designed to protect the rights and interests of individuals who are in a non-marital living arrangement. It allows for a fair division of proceeds in the event of a property sale while considering the contributions made by each party.
