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 Cohabitation
Added January 19, 2009 by Ilyce R. GlinkUnmarried couples who buy property together or live together may want to sign a partnership agreement. A partnership agreement helps especially in cohabitation situations when one partner has poor credit. Cohabitation before marriage can go more smoothly with a partnership agreement.
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