Partnership Agreement

When you buy investment property with partners, it's best to draw up a partnership agreement which clearly describes everyone's responsibilities. A partnership agreement will describe what each of you is bringing to the table, and lay out the financial workings of the relationship, including what expenses each of you are responsible for, and what share of the equity each of you will be entitled to in case the partnership doesn't work out. Look here for more information about partnership agreements.

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Partnership Agreement Ensures Estate Planning Wishes

When you're buying a home with a partner but you're not married you may be concerned about protecting each of your interests in the property. A partnership agreement drawn up by a knowledgeable estate planning attorney can help. The partnership agreement will spell out who gets what in terms of estate planning in case one partner dies before the other.

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