Personal property agreements
Record who owns which belongings, who may use them and what happens if you part.
Record who owns or shares personal belongings.
- Personal / Legal document
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Key features
An item table
Five rows of item with make, model or serial number, owner or shares, purchase date and price.
Contributions and use
What each put towards items held together, where they are kept and how use is shared.
Upkeep, costs and insurance
Who looks after things, how costs and insurance are shared and how registration in one name does not by itself change ownership.
Damage, selling and adding items
How damage is shared, a first offer to the other before a share is sold, and how later purchases are added and initialled.
If you part or an owner dies
Dividing, selling or buying out items, with a valuation, and a statement that it is not a gift from an estate.
About this document
A personal property agreement records who owns items such as furniture, equipment, vehicles or collections, where two people share or own things together. It lists each item with its owner, what each contributed, who may use it, who pays for upkeep and insurance, and what happens if the arrangement ends or an owner dies.
This blank form is for items only: it says it does not cover land or buildings. It is completed by hand and signed by both owners. It is useful for housemates, couples, friends and family who buy or share things.
Is this document right for you?
Useful when
- You share a home or belongings with someone who is not family
- You buy something expensive together
- You want to avoid arguments over who owns what
Commonly used by
- Housemates and couples
- Friends buying equipment together
- Family members sharing a vehicle
Not sure? about your situation first.
Alternatives
These are separate documents, for different jobs.
- Roommate agreementsAgree how housemates share rent, bills and space.View document
- Cohabitation AgreementSet out how a couple living together shares property and costs.View document
- Bill of SaleRecord the sale and transfer of an item from seller to buyer.View document
- Family agreementsPut an arrangement between family members in writing.View document
When to use this
- Two people buy a car and share it
- Housemates pool money for furniture
- Friends share musical or sports equipment
What happens next
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More in Sales & Transactions
- Bill of SaleRecord the sale and transfer of an item from seller to buyer.View document
- Invoice FormBill a customer for goods or services provided.View document
- Amortization ScheduleLay out each loan payment split between principal and interest.View document
- Financial Statement (Personal)Summarize your assets, debts and income in one statement.View document
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Questions
About the personal property agreements
No. It says it does not cover land or buildings.
Still have a question? .