Cohabitation agreements help unmarried couples protect their rights when living together. Unlike marriage, living together does not give automatic legal protections. A cohabitation agreement sets out expectations about money, property, and other important things, helping both partners avoid problems if they break up.
Property rights and division
A cohabitation agreement defines who owns which property and how to divide it. Without this, arguments over property can become messy, especially if both partners contribute money. Agreeing on property ownership in advance prevents confusion.
Financial responsibilities
Financial arrangements play an important role in any cohabitation agreement. This includes details about who pays for rent, utilities, and other expenses. Writing down how to handle shared costs keeps things fair and prevents arguments.
Debt liability
A cohabitation agreement also explains who takes responsibility for debts. It is important to clarify whether partners share or individually owe debts. If one partner takes on a large debt, the other needs to understand their responsibilities.
Support after separation
Partners sometimes agree to provide financial support after breaking up. Family law allows cohabitation agreements to include rules for spousal support, even if they are not married. Writing this down helps both partners understand what to expect if they separate.
Protecting future rights
Cohabitation agreements can also outline future rights, like inheritance. Unmarried partners do not automatically have inheritance rights, but agreements can include clauses to protect each partner. Creating a detailed plan, along with a will, provides more security.
Creating a cohabitation agreement is a smart step for couples who live together. With careful planning and clear communication, both partners can feel secure in their relationship, knowing their rights are protected.