Investing your finances in short term things is one of the concepts you have to think through. It's another thing to set it for bigger ventures like properties. When putting money in purchasing properties for lease in the future, you should acquire a tenancy agreement template to model your contract from. The tenancy agreement is a signed contract between the landlord and the tenant. Accelerated possession procedures require a rightly drawn agreement. For claims on housing benefit, the tenancy agreement is essential to the tenant as it will be proof of their tenancy so the contract is beneficial not only to the landlord but for both parties.
You are venturing into a business partnership with your best friend, your spouse, or your cousin. If you think you are safe from all the business conflicts that arise in most start up ventures because you know your partner very well, think again. Most conflicts and legal contests are because of this ignorant belief. You have to protect not only yourself but also your partner. Hence it is best for you to draw up a partnership agreement template before you decide to commit yourself.