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Old 01-05-2014, 03:05 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]--> (ii) the husband and wife will pay equally the cost of all repairs over [e.g. $250.00] 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;
(b) to the husband,____ per cent.
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Matrimonial home‑Transfer to Spouse
31. MATRIMONIAL HOME
(1) The husband and wife hold in joint tenancy the matrimonial home municipally known as____________(address of the home) , which is a matrimonial home within the meaning of the Family Law Act. The husband hereby transfers all of his right, title and interest in the property to the wife and, concurrently with the execution of this agreement, will execute a conveyance of the matrimonial home, the cost of preparation and registration of which will be paid by the wife.
(2) 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.
(3) As long as the husband and wife are spouses, the wife will ensure that the matrimonial home remains her principal residence as defined in the Income Tax Act and will so designate the matrimonial home if necessary. If the wife changes the use of the matrimonial home or does not designate it as her principal residence, so that the husband becomes liable to pay any tax or penalty under the Income Tax Act, then the wife will indemnify the husband with respect to the tax liability and penalty. The wife will notify the husband immediately of any change in the use of the matrimonial home.
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