Couples who are living together often overlook this one thing

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Lawyer Sarah Jane Boon explains what a cohabitation agreement is, how it works and how to draw one up

But outside of the emotional implications of moving in with a partner, there is another legal element to cohabiting with a partner which is perhaps less thought about: a Cohabitation Agreement.

Primarily it is used to determine what will happen to any shared finances or financial interests if the cohabitation breaks down. However, it can also be used to agree how household bills are to be shared, and how the costs of any works to the property are to be funded. It is possible for people to develop rights by virtue of living together under property law, and it is also possible for a person to argue that they have an interest in a property under trust law if they have made a financial contribution. However, these claims are complex and so a cohabitation agreement should be used to provide certainty and clarity for cohabiting couples.

 

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