Moving in together can be an exciting time! From choosing wall colours to picking out garden furniture, it’s important to enjoy the little details that make a house a home. It’s easier to enjoy the little things when you have the big, important things taken care of up front. Having a conversation about what happens to your property, assets and possessions if the relationship were to ever breakdown then it is vital at the beginning to have in place a cohabitation agreement so that you can relax and enjoy living together without fearing the future.
A Cohabitation Contract or Agreement is essentially a document that defines each person’s responsibilities. You might want to have a conversation to decide things like:
- how you will divide up and pay the rent/mortgage and household bills;
- any relevant childcare arrangements;
- what rights you each have to stay in the home if you split up;
- what rights you will have to any shared belongings if you split up (e.g. a car or furniture).
While a conversation is the perfect starting point, it is key to remember that the contract will not be legally binding unless it is drawn up by a solicitor.
Our team at Paul Taylor Family & Civil Law are passionate about protecting you and your family so get in touch today to discuss your Cohabitation Contract.