Hi all - My common-law husband and I have agreed to separate after living together for 10 years. We purchased a house in January 2002 - both our names on the mortgage and land title. We split the mortgage and all household expenses 50/50. Our separation is amicable - we are friends, hope to remain so in the future but just can't live together. He works nights I work days and we did not spend enough time together. We live in BC. We are currently both living in the house, sleeping separately. We agreed to separate about 2 weeks ago so its moving along quickly. We do not have any children.
He has agreed to purchase outright my share of the house and we have negotiated a price based on existing equity, etc. Because his salary steadily increased over the years and mine has not increased as much and because we split all costs 50/50 and he also did not share his quarterly bonuses with me, he has agreed to a small amount of spousal support for a period of 2.5 years from the time I move out and purchase my own home. We reached this agreement together.
In order for him to refinance the house and for the cash to be transferred into my account, to take my name off the mortgage and land title, we have to provide the notary with a separation agreement.
My notary has advised that all we need to do is word our own separation agreement, each sign it and have it witnessed and it will be legal. I can't find the correct wording to use - they are all worded for those separating from a marriage.
Does anyone know of a template I can use?
He has agreed to purchase outright my share of the house and we have negotiated a price based on existing equity, etc. Because his salary steadily increased over the years and mine has not increased as much and because we split all costs 50/50 and he also did not share his quarterly bonuses with me, he has agreed to a small amount of spousal support for a period of 2.5 years from the time I move out and purchase my own home. We reached this agreement together.
In order for him to refinance the house and for the cash to be transferred into my account, to take my name off the mortgage and land title, we have to provide the notary with a separation agreement.
My notary has advised that all we need to do is word our own separation agreement, each sign it and have it witnessed and it will be legal. I can't find the correct wording to use - they are all worded for those separating from a marriage.
Does anyone know of a template I can use?
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