COHABITATION AGREEMENTS
A guide to cohabitation agreements, including how they are
created and the benefits they can offer for couples who decide to
live together.
www.localsolicitors.com
WHAT IS A COHABITATION AGREEMENT?
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 during the exciting time of living
together.
WHAT SHOULD A COHABITATION AGREEMENT COVER?
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.
WHAT SHOULD A COHABITATION AGREEMENT COVER?
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.
WHAT SHOULD A COHABITATION AGREEMENT COVER?
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.
ARE COHABITATION AGREEMENT LEGALLY ENFORCEABLE?
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.
WANT TO FIND OUT MORE?
For further information about cohabitation agreements and
whether one is right for your particular circumstances, contact
your local firm of family law solicitors. At localsolicitors.com,
you can find and compare the best solicitors local to you.
https://www.localsolicitors.com/
