Jun/090
‘Common law’ Husbands and Wives must have Cohabition Agreement
Couples who have lived together for over 3 years assume they are entitled to the same rights as married couples and this is just not the case. There are no rights for couples who cohabitate, especially with no children, unless they have set up agreements themselves.
A good idea would be to set up a cohabitation agreement when you decide to live together and detail what will happen in the event of a split, and who will get what. This will cost approximately £400 and though it is not legally binding, it is useful in dividing stakes in civil court.
Also, if you buy a house together and are joint tenants, have your stake in the property recorded in a Deed of Trust. Most couples are wary of such drastic actions, but it is advised to protect yourself from losing everything in an unforeseen break-up.
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