Solicitors specialising in cohabitation agreements in Carlisle, Penrith, Keswick, Kendal and Workington, Cumbria
What is a cohabitation agreement?
A cohabitation agreement is a contract to regulate the financial arrangements between cohabiting couples (whether heterosexual or same sex) during their relationship and the event of the relationship breaking down.
What do cohabitation agreements cover?
A cohabitation agreement can deal with the following:
- The property interests of the parties during the relationship and in the event of a breakdown in the relationship;
- Payment for outgoings and mortgages;
- Financial maintenance;
- Ownership of other assets and household contents;
- Liabilities for debts; etc..
Why you might need a cohabitation agreement?
You may need a cohabitation agreement:
- If you have existing property or assets and plan to move in with your partner, and wish to avoid any claim on your assets in the event of the relationship breaking down any;
- If you are not free to enter into a marriage or civil partnership or one of you does not wish to do so, and you wish to regulate your financial arrangements;
- If you are buying property with a partner or a third party and wish to regulate your financial arrangements to avoid any future disagreements over ownership.
Are cohabitation agreements binding?
A cohabitation agreement is valid and enforceable through the courts provided it is properly entered into. For the agreement to be binding:
- The parties must intend to create legal relations;
- The agreement should be freely entered into without uncertainty, duress, undue influence or misrepresentation;
- Both parties must have had independent legal advice upon the agreement; and
- There should be full and frank disclosure.
How we can help?
If you need a cohabitation agreement our fee is £400 plus VAT (£80), total £480. This includes:
- Taking your instructions about the terms of the agreement;
- Negotiating the terms of the agreement with your partner and his/her solicitor;
- Drafting the agreement;
- Advising you on the terms and implications of the agreement; and
- Dealing with the execution of the agreement.
Need further advice?
If you need more detailed advice about entering into a cohabitation agreement call us on (01228) 829530 to arrange an initial consultation or request a free call back.