A Cohabitation Agreement is a legal document intended to be used by unmarried couples or partners who live or plan to live together and would like to establish their financial and property arrangement. Contrary to the rights of married couples or civil partners, cohabiting couples are not guaranteed rights over each other’s assets, regardless of the number of years living together. This contributes to the fact that a cohabitation agreement is a vital instrument for making the relationship a clear, equal, and secure way in case of a relationship break-up.
Most couples err that by cohabiting, they have similar rights that are enjoyed by married couples, and this is often known as the common law marriage. Nonetheless, this is the concept that has no legal ground in the UK. In the absence of any formal commitments, one of the partners would be left with minimal or no financial security in case of a breakup.
A cohabitation agreement is useful in assisting:
When an agreement is written, both partners become confident and assured of their financial duties and rights in the legal sense.
Much can be contained in a properly written cohabitation agreement, which may comprise:
The answer to this is yes, a cohabitation agreement can be a legal agreement so long as it is drafted correctly and satisfies some requirements. To be enforceable:
It should have been entered into by the two partners without pressure.
Such agreements are usually supported by courts in cases of clarity, transparency, and fairness.
We realize that each relationship is different at First Law Solicitors. We have expert family law solicitors who offer personalised advice and cohabitation arrangements tailored to your situation. If it is a property that you are buying together, that you share financial responsibilities, or that you are planning for the future, we will make sure that you are fully safeguarded.
We also help in the revision and amendment of old contracts as the relationship and financial scenario change.
In case you are living with your partner or intend to cohabit, First Law Solicitors would be the right choice to consult today with a specialist to help you write a fair and comprehensive cohabitation agreement to protect your rights and secure your future.
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