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South African Law Compliant
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Cohabitation Agreement
Personal Law
- Defined Financial Contributions: Establishes a structured framework for sharing living expenses through a joint bank account, ensuring equitable responsibility for utilities, maintenance, and property costs.
- Property Occupancy Protections: Outlines clear rights for use and occupation of the property while setting standards for good faith conduct and restrictions on third-party residents.
- Right of First Refusal: Protects the non-owning party by granting them a formal right to match any purchase offer and requiring a three-month notice period before the owner can market the property.
- Mandatory Dissolution Accounting: Provides a transparent methodology for financial reconciliation upon termination, ensuring any over or underpayments are settled based on joint account records.
- Dispute Resolution Framework: Incorporates binding arbitration and mediation clauses to provide a private, efficient, and cost-effective alternative to traditional litigation.
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