It can be an exciting time taking that first step and moving in together. This could mean one person moving into their partner’s home, or buying a home together. As more and more couples take this step, a cohabitation agreement can be essential to protect assets and income.
A cohabitation agreement is a legal document which outlines property rights and the financial arrangements which will apply if the relationship breaks down.
This can help protect a person’s finances, and is similar to a pre-nuptial agreement in this respect. For example, if a couple buy a house together but one partner contributes more to the deposit. Another example could be if one person moves into the house the other person owns and contributes towards mortgage and bills for number of years as there is the potential to make a claim when the relationship ends. An agreement can anticipate and regulate these issues.
There are a number of reasons why a cohabitation agreement may be right for you. Our solicitors can discuss your situation with you and give you guidance and advice with no obligation to continue with the process if it is not appropriate for your circumstances.
If you would like further advice or to speak about your circumstances, please do not hesitate to get in touch with our cohabitation agreement solicitors either by calling 0333 200 5925, or email firstname.lastname@example.org