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What should you include in a cohabitation agreement?
If you and your partner are moving in together, you may wish to consider taking advice from a Family Law Solicitor about drawing up a cohabitation agreement. A cohabitation agreement would protect your property rights in the event your relationship breaks down and you decide not to live together any more.
There is no specific law governing cohabitation. Cohabitation agreements are therefore actually drawn up according to contract law. For this reason, they are more likely to be held as legally binding if they are restricted to property and financial matters and do not include details relating to domestic arrangements.
In order to ensure that your rights are as well protected as possible, your agreement should cover the following areas:
- Individual ownership of property, including cars, houses etc.
- Joint ownership of property, especially the family home
- Mortgage contributions
- Household bill payments
- Details of joint and individual bank accounts
- Financial arrangements relating to any children of the relationship
- Life insurance and death in service benefits
- Lasting Powers of Attorney
- Inheritances and gifts
You should also include details relating to reviews and termination of the agreement
Our specialist Family Lawyers can help you to draw up your agreement according to your specific requirements.
Why not arrange your free initial consultation? Call 0800 138 0458, or complete our contact form and we’ll call you back to arrange an appointment.