Cohabitation Agreement

A cohabitation agreement is a form of legal agreement reached between a couple who have chosen to live together. Whether you are renting or own a property, the agreement outlines how you will manage financial commitments such as rent or mortgage, bills and property, or other assets should the relationship end.

Creating a cohabitation agreement together can strengthen your relationship, reducing worries about the future by clearly stating each partner’s responsibilities and expectations. This process aids in:

• Preventing disagreements: A cohabitation agreement can help avoid disputes over financial matters or asset distribution should the relationship end.
• Avoiding legal costs: It can serve to circumvent the need for costly legal proceedings, should you decide to separate.

Each cohabitation agreement is customised to suit individual needs but may include provisions on:

• Contributions to mortgage, or household bills.
• Handling of debts.
• Dealing with contributions made towards the property, such as the deposit.
• Management of joint bank accounts.
• Appointment as a nominee under pensions.
• Distribution of jointly owned possessions, including cars and furniture.
• Arrangements for supporting any children the couple may have.

Our solicitors will gather all necessary information from you and prepare the agreement, advising you on its completion. Both partners will receive an original copy of this important document.

With full financial disclosure from both parties, a cohabitation agreement that has been properly prepared and executed is likely to be upheld by a court.

To start the process for a cohabitation agreement, please call us on 01482 323 367.

Should you decide to marry or enter a civil partnership, transforming your cohabitation agreement into a prenuptial agreement is an option worth considering. Although not legally binding in the UK, such agreements do hold significant weight in court deliberations during separations.

The cost of drafting a cohabitation agreement starts from £750 plus VAT.

At our firm, we are dedicated to providing sensitive, thorough advice to ensure your peace of mind. If you are considering entering into a cohabitation agreement, please contact us and we can assist you in creating an agreement that reflects your individual needs.