Choosing to move in with your significant other is a big step, even if you’re not married. Problems can pop up, and it’s important to protect yourself against these, even if you don’t think that they will arise. Speaking to a family lawyer or legal advice professional can help you make sure that all your bases are covered, but I’m going to run through one important document in this article – the cohabitation agreement.
What is a cohabitation agreement?
Basically, cohabitation agreements are legal documents which protect both members of a couple from unnecessary legal and financial complications if their relationship breaks down. Without an agreement, a broken de facto relationship can become messy to the point where it’s treated like a divorce in many cases.
Fortunately, cohabitation agreements allow couples to live together in much the same way as married couples without a lot of the complications. They let couples do things like apply for mortgages, get joint bank accounts, and make important life decisions together without too much risk.
In many ways, a cohabitation agreement is like a prenuptial agreement, allowing each member of the couple to protect their assets and their finances.