Living Together Agreement Template Australia

October 13, 2022 9:43 am Published by

Living together agreement template Australia: Protect your legal rights

Cohabitation is becoming more popular in Australia. It`s a great way to save money and share expenses, especially for young couples or those in long-distance relationships. But, it`s essential to protect your legal rights and interests. That`s where a living together agreement template in Australia can help.

What is a living together agreement?

A living together agreement is a legal document that outlines the terms of a cohabitation arrangement between two or more individuals. It can be customized to meet your specific needs and can cover everything from financial obligations to household responsibilities.

Why is a living together agreement important?

A living together agreement is essential for couples living together who are not married. Without a legal agreement, you may not have the same rights, protections, and obligations as married couples. For example, if you split up, you may not be entitled to property or financial assets that you assumed were jointly held.

A living together agreement can also help prevent disputes and misunderstandings by outlining expectations and responsibilities upfront. It can save time and money in the future, especially if a disagreement ends up in court.

What should a living together agreement include?

A living together agreement must be tailored to meet the needs of the parties involved. Some of the elements that can be included in a living together agreement are:

1. Living arrangements: This should include the address and type of dwelling where you`ll live together, the lease agreement terms, and who will be responsible for rent and utilities.

2. Property and assets: This section should list all assets individually owned by each person, including any property, bank accounts, investments, and other valuable items.

3. Debt and financial obligations: This section should outline who is responsible for paying specific debts, such as loans or credit card balances.

4. Living expenses: This should include a breakdown of living expenses, including groceries, household bills, and other shared expenses.

5. Insurance: This section should cover insurance policies such as health, car, and life insurance.

6. Dispute resolution: This should outline how disputes will be resolved and can include mediation or arbitration clauses.

How to use a living together agreement template Australia

Using a living together agreement template in Australia is relatively easy. Templates are available online for a fee or free of charge. Choose a template that suits your specific needs and customize it according to your requirements.

Seeking legal advice before signing the agreement is recommended. A legal professional can help you understand the terms and implications of the agreement and ensure that it complies with Australian law.

Conclusion

A living together agreement in Australia is essential for cohabiting couples. It can save time, money, and heartache by outlining expectations and responsibilities upfront and protecting your legal rights and interests. Whether you are moving in with your partner for the first time or renewing your cohabitation agreement, a living together agreement is a valuable tool to secure your future together.

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