Independent legal advice – When drafting a cohabitation agreement, you should both seek independent legal advice to ensure that it is binding and that there is no doubt about what you both agree to. This way, the court will be much more likely to take note of your agreement and put it into effect if you separate. There should also be a disclosure of your financial situation. The document must be run as a document. 24 FAQs on cohabitation and cohabitation agreements. It`s a good idea to regularly review your cohabitation agreement, even if your situation hasn`t changed, to make sure it continues to be appropriate in the face of changes to the law. If you decide to separate after living together for a long time, cohabitation agreements can save you a lot of time and money. Without a cohabitation agreement, there may be a dispute over who owns an asset or their share in it, which can result in lengthy and costly legal proceedings. If you fail in the dispute, you may have to bear all of the winning party`s legal costs. Yes, a cohabitation agreement can be amended once it has been established. It is recommended that you keep them informed when your relationship changes or when something important happens in your relationship. The main reasons may be the following: Couples who marry or enter into a civil partnership often do not take into account the evolution of their legal obligations. We can prepare agreements to give them certainty about their financial rights and obligations if the relationship breaks down.
We regularly draft and advise our clients on cohabitation agreements. You may want to discuss these issues when preparing the cohabitation agreement. For example, if one partner works and the other takes care of the house, you may want this to be reflected in how you agree on financial issues if the relationship breaks down. You can agree that the “roommate” is entitled to a share of the property or alimony, as is the case in the event of divorce or dissolution of a civil partnership.