It is not unusual to lend money to family and friends. It may be wise to draw up a promissory note even if you know the person well. With promissory notes, you can avoid unnecessary misunderstandings and conflicts
A promissory note serves as written evidence of how the loaned money must be repaid, how much must be paid, how often and if there is any interest. Perhaps there is also a certain date when the debt must have been repaid.
A common situation where promissory notes are drawn up is when two partners buy a condominium or a house together but pay different amounts of cash. The debt can then be settled in a promissory note so that the value of the home is distributed more fairly in the event of a separation. Along with the promissory note, a cohabitation agreement is also needed so that the distribution in the event of a possible separation is correct in relation to the respective investment in the purchase.
Drawing up a promissory note together with us costs SEK 3,190.
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