This is because these types of contracts cover your properties,. This article explores the purpose of a separation agreement and offers a downloadable template to help you create your own. Web a property agreement is a legally binding agreement which spells out who owns what during the duration of a couple’s relationship. At the expiration of this _____ year period, the parties agree to place the marital residence up for sale with a licensed real estate. Web all married and unmarried couples are advised to in possession of a relationship agreement.