Many people live or own a property together without being married or registered as civil partners.
Contrary to popular belief, there is no such thing as a "common law spouse". The court has few powers concerning arrangements or financial provision if there has never been a legal agreement in place.
If you are in a relationship but not married, you may be thinking about buying a property together or sharing other sizeable assets. If this is the case, it is sensible to have a legal agreement in place as a record of each of your intentions.
What is a cohabitation agreement?
Cohabitation agreement, otherwise known as a living together agreement, is an agreement which sets out your mutual understanding as a couple, from everyday things like who pays the rent, mortgage and bills, to longer term decisions about sharing financial interests, the effects of home ownership and the practicalities of what would happen if you ever separated.
This kind of agreement can be particularly appropriate if one person is contributing more to the purchase price or mortgage of a property, or if a third party, such as a parent, has made a contribution.
We advise that it is sensible for cohabiting couples to consider this simple but important agreement.
To discuss these matters further, don’t hesitate to contact us for confidential, free first legal advice.