Cohabitation agreements are becoming increasingly popular among couples who choose to live together without getting married. Like any legal document, these agreements require careful consideration and attention to detail.
Here are some tips on how to write up a cohabitation agreement:
1. Determine what should be included in the agreement
Cohabitation agreements typically address financial and property matters, such as how shared expenses will be paid, who owns what assets, and how property will be divided if the couple breaks up. Depending on your specific situation, you may also want to include provisions related to healthcare, child custody, and other issues.
2. Consider hiring an attorney
While it is possible to draft a cohabitation agreement without legal assistance, it is advisable to work with a lawyer who can ensure that the document is legally enforceable. An attorney can also provide guidance on what is reasonable to include in the agreement and make sure that both parties understand their rights and obligations.
3. Be clear and concise
A well-written cohabitation agreement should be clear and easy to understand. Avoid using overly legalistic language, and make sure that the terms of the agreement are clearly defined. This will help prevent any confusion or misunderstandings down the road.
4. Be fair and reasonable
A cohabitation agreement should be fair to both parties. Avoid including terms that are overly one-sided or that could be seen as unconscionable. Make sure that the agreement is reasonable and takes into account the specific circumstances of both partners.
5. Review and update the agreement periodically
As circumstances change, it may be necessary to update the cohabitation agreement. For example, if one partner inherits a significant amount of money or property, that may warrant a revision to the agreement. Both parties should be open to reviewing the agreement periodically to ensure that it remains relevant and fair.
In conclusion, a well-drafted cohabitation agreement can help prevent legal disputes and provide peace of mind for couples who choose to live together without getting married. By following these tips, you can create an agreement that is comprehensive, fair, and legally enforceable.