Buying with a partner - how to write up agreement

[John Gillis]

I have found a potential partner to purchase a triplex with, and looking for ways to write up our partnership agreement. We will agree to go 50 /50 on the closing costs and all other expenses, like mortgage, taxes, insurance, etc.

He is a first time buyer, and a Vet, so he will be getting a VA purchase loan. So no down payment is required, and he does plan to occupy one unit of the triplex. The other 2 units will be rented out at regular rental rates.

My name will not go on the mortgage, but I would like it to go on title.

Can we add my name to title after close of escrow ?

Do we need to wait until the close of escrow before adding my name to title ?

Are there partnership agreement forms available for this, or do we need to make our own ?

Is there a good thing to add to our agreement if one of us wants to exit the partnership ?