The Gen H Agreement is our version of a deed of trust.

It is a legal document to protect everyone's financial interests when you're buying, owning and selling together.

A deed of trust is something you’ll come across when you’re buying a property with someone else, or with the support of someone else.

It’s a legal document, sometimes referred to as a declaration of trust, which records the financial arrangements between everyone who has a financial interest in the property.

Buying a home is likely the biggest financial commitment of your life.

If you’re buying with a partner, family or friend, you are unlikely to be contributing identical amounts to the deposit. You may not be contributing the same amount to your monthly mortgage payments either.

It's a good idea to put down in a legal document who gets what when the house is sold or someone wants to be bought out. By setting out how much each person has put in and what should happen in any eventuality, you should (hopefully) avoid disagreements in the future.

Everyone's beneficial interests in the property are registered from the outset (who owns what). When it comes time to sell, the deed of trust determines how sale proceeds are distributed.