Why a Cohabitation Agreement is essential for non-married couples


Unmarried couples have no legal rights if they separate – so without an agreement, one of you could be left with nothing*.

What is a Cohabitation Agreement?

A Cohabitation Agreement is similar to a Prenuptial Agreement. They record each party’s rights and responsibilities in relation to the property where they live or intend to live together, financial arrangements between them, both during and following cohabitation and the arrangements to be made if they decide that they no longer want to live together.

When might I need a Cohabitation Agreement?

Where you are an unmarried couple who wish to buy a house together or where you move in with your partner who already owns their own home.
It does not matter if you are already living together, Cohabitation Agreements can be entered into at any time as long as both of you are willing to enter into the agreement.

How much do they cost?

This varies on the complexity of the agreement and the time taken in negotiating the terms. The family team will be able to provide you with an estimate once they have met and discussed matters with you. Verisona Law offer a fixed fee Cohabitation Agreement and typically prices start at around £600 + VAT which includes the initial meeting, drafting and subsequent amendments up to the finally signed agreement. You should also add on about another £400 for the cost of your partner to pay their own solicitor for independent advice on the agreement.

The cost of a Cohabitation Agreement is very small in relation to the legal costs that both parties incur in fighting it up and if it ends up in court legal costs can run into tens of thousands of pounds.

Are they legally binding?

As long as they are drafted as a formal legal deed the court will usually uphold them as long as what was agreed is fair and you were both honest about your finances when you made the agreement. A court is even more likely to uphold an agreement if both of you had independent legal advice before the agreement was signed.

If you would like help or advice with a cohabitation agreement, please contact our experienced family team on 023 9298 1000 or send an email to connect@verisonalaw.com

*https://www.theguardian.com/money/2013/mar/09/cohabitation-agreement-essential-non-married-couples



We have set out below a full list of the services our Family Department can provide whatever your circumstances. If you do however have a query which does not relate to any matter detailed below, please do contact our Family team who will endeavour to assist you.

Divorce or Civil Partnership Dissolution

Whether you are the Petitioner or the Respondent within proceedings or whether you are simply contemplating the same we can provide guidance throughout the entire process. We can assist with:

  • Drafting of documents
  • Negotiations with the other party
  • Correspondence with third parties such as the Court
  • Advice face to face, by telephone, by email.

Pre-Nuptial and Post-Nuptial Agreements

Whether you are planning to marry or indeed have now married and wish to formalise arrangements in the event of separation we can advise and assist with the following:

  • Drafting agreements
  • Negotiating settlement
  • Corresponding with all parties

Separation

Whether you are married or living together and in the event you decide to go your separate ways we can assist in formally documenting terms of separation. We can assist in the following ways:

  • Drafting Separation Agreements whether in contemplation of divorce or whether to simply record the split of a cohabiting couple
  • Negotiations with third parties
  • Providing you with advice whether face to face, by telephone or by email.

Arbitration

Arbitration is an alternative to resolving disputes through the Court. At Verisona Law we can assist in a number of ways either by assisting you through the Arbitration or by referring matters to our in house Arbitrator. We offer competitive arbitration rates and a member of our team will be happy to assist with any queries in this regard. Please see our current articles on Arbitration for more details about the process.

Cohabitees/living together

If you have chosen not to marry but wish to live together you may wish to formalise the arrangements and details for doing so. We can assist in the following:

  • Drafting cohabitation agreements/living together agreements
  • Negotiations with all parties
  • Advising you in person, by telephone or email as appropriate.

Divorce where Business are involved

We have extensive experience in dealing with breakdown of marriage where one or both parties are owners of businesses or indeed it may be the family business. We have experience in providing you with advice and signposting for business valuations and will ensure that the business as an asset is dealt with appropriately within any proceedings.

Pensions

In addition to being able to provide specialised advice in relation to Public Sector pensions our team at Verisona Law has vast knowledge concerning all pension arrangements and can ensure that they are dealt with appropriately within any divorce proceedings. Please seek advice from a member of our team.

Parental Responsibility

We are able to advise on all aspects of Parental Responsibility including:

  • Agreements / Orders
  • Exercising your Parental Responsibility rights and duties where appropriate
  • Arising out of Parental Responsibility we can advise on applications for a Specific Issue Order to the Court if appropriate.

If you have any queries concerning Parental Responsibility and its impact on you or indeed whether you have Parental Responsibility for your children, please seek advice from a member of our team.

Assisting through Mediation

Whilst we do direct a number of matters through Mediation, this does not mean that you cannot have legal advice throughout the process. We can advise and assist you through the Mediation process and arrange thereafter to draw up formally any agreement reached be this by way of a Consent Order in divorce proceedings or simply to record in an open document the agreement you have reached at Mediation concerning the subject of your dispute.

Property Disputes

Whether you are married or otherwise, or indeed simply have an interest in a property owned by another we can provide you with advice and assistance including;

  • Applications to the Court
  • Negotiations with all parties
  • Advising and assisting you face to face, by telephone or by email.

Collaborative Law

This is an alternative way to resolve family disputes without the involvement of the Court. The Collaborative process requires both parties to have a Collaborative Lawyer and endeavours to resolve any disputes by way of four way meetings. We at Verisona Law can assist you through the Collaborative process. If this is an avenue of resolving dispute that you would be interested in, please contact a member of our team.

Children

We at Verisona Law can provide you with advice and guidance concerning any disputes you may have relating to your child. This may be with whom the child lives, with whom the child spends time with, a specific issue concerning a child or steps that you wish to take to prevent something happening (Prohibited Steps Order). We can also advise you in relation to maintenance disputes with a third party guidance with dealing with the Child Maintenance Service. If you have a query with any issue concerning your child please contact a member of our team.

Change of Name

Please contact a member of our team if you are interested in changing your first or surname to discuss the drafting of a Change of Name Deed. We offer a fixed price for a Change of Name and we can provide you with further information upon request.

I went to Verisona Law because I had been unsatisfied with two previous attempts with other firms. Verisona gave that real sense of service, made.me feel like a client they were happy to assist at all times and ultimately gave the BEST advice and guidance. Dont waste money; go to Verisona FIRST!


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