This Agreement is made between [Cohabitant1.FirstName][Cohabitant1.LastName], "First Party" and [Cohabitant2.FirstName][Cohabitant2.LastName], "Second Party," hereinafter jointly referred to as the "Cohabitants."
The Cohabitants live together at [Cohabitant1.StreetAddress], [Cohabitant1.City], [Cohabitant1.State], [Cohabitant1.PostalCode] and have done so since (date). The Cohabitants intend to continue this "Joint Residency" arrangement.
Through means of this Agreement, the Cohabitants wish to establish their respective rights and responsibilities regarding each other's income and property and the property and income that may be acquired, either together or separately, during the period of cohabitation.
The Cohabitants hereby agree:
1. Marital Status.
The Joint Residency of the Cohabitants shall in no way render the Cohabitants married in any legal capacity.
2. Disclosure of Financial Status.
The Cohabitants have completely disclosed to each other all of their financial assets and liabilities to the best of their knowledge. Each Party has completed a balance sheet including all current assets and liabilities to this Agreement.
3. Division of Living Expenses.
The Cohabitants agree to divide the following household expenses: (describe what expenses will be split, e.g., rent, mortgage, utilities, property taxes, internet, phone bill, insurance, vehicle payments, etc.)
Jointly approved and necessary living expenses shall be split between the Parties as follows:
The First Party shall contribute (percentage)% per month;
The Second Party shall contribute (percentage)% per month.