If you are or are thinking of cohabiting with another person, have you thought about the consequences of one of the parties leaving or the cohabiting relationship failing? Will the other person be able to make a claim on your property? Will you be able to get them out the property?
When deciding whether or not to cohabit with someone you should consider the worst possible scenarios in advance. What happens to the property if it fails or if one of you dies? If the property is already owned by one of you and the other now contributes towards the bills will they get an interest in the property? These are all serious questions to bear in mind and to decide in advance between both parties.
With cohabiting becoming ever more common these days, it is wise to think about getting a cohabitation agreement in advance to stop any potential future issues. The decisions can be made at a time when agreement on various issues is likely be to easier reached and issues can be resolved amicably. A cohabitation agreement can avoid disputes after the event.
Parnalls’ litigation team is experienced in drawing up cohabitation agreements. For further advice on how cohabitation agreements work in practice and how they can help you either call Parnalls on 01566 772375 or email firstname.lastname@example.org.