A cohabitation agreement is a written, signed document, often signed
as a deed in front of witnesses. It will generally deal with three
principal areas:
-
who owns (and owes) what at the time of the agreement, and in what
proportions
-
what financial arrangements you have decided to make while you are
living together
-
how property, assets and income should be divided if you should
split up
Where the agreement is properly drawn up, the terms are reasonable,
and each of you has had separate, independent legal advice on its
effect, a court is more likely to uphold the agreement in the event of
a dispute. It can also be prudent to include provisions that address
potential future events, eg the needs of any future children.