Cohabitation Agreements

What is a Cohabitation Agreement?

It is an agreement between unmarried parties who wish to regulate the terms of their relationship and how assets would be divided in the event that the relationship breaks down. 

If you are planning on living with or are already living with your partner, you may wish to enter into a Cohabitation Agreement to regulate how you are to own your property.

More and more, Cohabitation Agreements are being used to provide clarity for unmarried couples wishing to regulate the terms of their relationship. An agreement can provide written evidence of what you intended at the outset, as to your respective ownership of property, and what you each intend to happen in the future.

Cohabitation Agreements can clarify:

• Respective ownership of property;
• The ownership of personal belongings;
• Respective contributions towards the mortgage and household outgoings;
• Respective liability for overdrafts, credit card debts, and other liabilities;
• Ownership of bank accounts and cars;
• Financial provision for children.

We can also help you to secure a fair financial settlement from your ex- partner when the relationship breaks down.

Often, unmarried couples are unclear about the extent of their legal rights. 

Our team will help you make informed choices in resolving practical issues resulting from either a relationship breakdown or advising you on wealth protection issues prior to cohabitation.