If a couple are living together they do not automatically have the same legal rights as married couples. Many unmarried couples often find that they are not entitled to the finances and property which they expected they would be. A cohabitation agreement is one way to try and avoid any problems.
Also known as a living together agreement, a cohabitation agreement sets out how you will deal with any financial or property issues during the relationship and also in the event of a separation.
The agreement can also help to avoid any confusion or misunderstanding during and after the relationship by clearly stating what you both agree should happen.
A cohabitation agreement can include things such as:
The agreement can be tailor made to suit your circumstances.
The law in England and Wales states that cohabitation agreements are not currently legally binding. However whilst this is the case, a cohabitation agreement is likely to be upheld by the courts if both of you have been honest and open about your finances and assets and the agreement has been prepared in the proper manner.
If you would like to discuss an issue with one of our family law solicitors, please contact us and one of our specialist team will be happy to advise you..