FAMILY LAW

COHABITATION AGREEMENTS

A guide to cohabitation agreements, including how they are created and the benefits they can offer.

www.localsolicitors.com

www.localsolicitors.com

Read our full guide on cohabitation agreements at: https://www.localsolicitors.com/family-guides/guide-to-cohabitation-agreements

The prime focus of the cohabitation agreement will be individual finances, and as such, the agreement should detail who owns what and who has the prime responsibility for paying the various costs associated with living together. This would include things such as rent, utility bills, food costs, repairs and insurances.and insurances.

With regards to possessions and assets, the agreement will consider who owns what items or what percentage of any assets or property. This means that in the event of a break-up, each person receives their fair entitlement.

The cohabitation agreement should not necessarily concern itself with considerations regarding behaviour such as housework and manual tasks. The document predominantly serves to protect financial investments.

WHAT SHOULD A COHABITATION AGREEMENT COVER?

The cohabitation agreement is a document that is drawn up between the cohabitants and to be enforceable, it must have been created with the purpose of being legally binding. A solicitor will assist you in creating the document and ensuring that it is written as a deed, with witnesses to ensure that it is legally binding.legally binding.

ARE COHABITATION AGREEMENT LEGALLY ENFORCEABLE?

A cohabitation agreement serves to offer protection to unmarried couples who choose to live together. The prime consideration for the agreement is the security of financial matters and the outlining of individual responsibilities. By creating a cohabitation agreement, couples are committing to the security of each other's assets and finances security of each other's assets and finances during the exciting time of living together.

WHAT IS A COHABITATION AGREEMENT?