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Old 01-05-2014, 02:04 PM
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<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <wontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--> (i) the wife will pay all insurance premiums, mortgage payments, taxes and other expenses relating to the matrimonial home and will indemnify the husband from all liability relating to the matrimonial home;
(ii) the husband and wife will pay equally the cost of all repairs over [e.g. $300.00] provided that the wife will not undertake such repairs without obtaining the consent of the husband, which consent will not be unreasonably withheld;
(iii) if the husband does not pay his share of the repairs, he will be deemed to be in breach of this agreement and damages for such breach will be liquidated at one‑half of the cost of the repairs;
(iv) the husband will co-operate in refinancing any mortgage which comes due during the period of the wife's exclusive possession.
(4) When the matrimonial home is sold, the proceeds will be applied as follows and in the following order:
(i) to real estate commission, legal fees relating to the sale and any other expenses of the sale;
(ii) to the charges, encumbrances and liens incurred prior to the date of this agreement or jointly by the husband and wife afterwards; and
(iii) to payment of the balance as follows:
(a) to the wife_____ per cent;

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(5) If the parties cannot agree on the terms of sale, either may apply to the court under the appropriate statute to have the issue determined.


Matrimonial Home‑Sole Ownership‑Limited Exclusive Possession
30. MATRIMONIAL HOME
(1) The husband is the sole beneficial and legal owner of the matrimonial home known as____________(address of the home) , which is a matrimonial home within the meaning of the Family Law Act.
(2) The wife will have exclusive possession of the matrimonial home until one of the following occurs:
(i) the wife desires to sell the matrimonial home;
(ii) the wife remarries or cohabits with another man;
(iii) the wife ceases to reside in the matrimonial home;
(iiv) the wife willfully defaults in the payment of the mortgage at which time the matrimonial home will be listed for sale.
(3) Until the matrimonial home is sold:
(i) the wife will pay all insurance premiums, mortgage payments, taxes and other expenses relating to the matrimonial home and will indemnify the husband from all liability relating to the matrimonial home;
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