Download these 31 Free Cohabitation Agreement Templates to start preparing your own agreement easily.
Married couples don’t need to have any other legal document as their marriage certificate is usually enough to secure their rights but what about the unmarried couples who are living together. This living together situation is not just when a boyfriend and girlfriend decide to move in together but it can be any situation where two or more adults are living under one roof. Unmarried couples in most countries don’t have the same rights and legal facilities as married couples. This is where a cohabitation agreement comes into play. This is what you can call a non-marital contract and it’s a little similar to prenuptial agreement. In this contract, all the parties or people most likely a couple, who are living together will write down their rights and duties and responsibilities on paper and sign it so it can be used in legal dispute or mediation in the future when they decide to break up or go their separate ways.
What is the Cohabitation Agreement Templates?
This is the basic and one of the most important purposes of entering into a cohabitation agreement that when you are not married or just living together without romantic involvement, it’s possible that one or both of you will decide to move on with your life sooner or later. If you bought the residential place together or shared finances, division of the assets after separation is going to be a problem in absence of a cohabitation agreement. In case of breakup between a couple or 2 partners who were living together, this agreement will clearly state who owns what and owes what, how the property is going to be divided in between both parties and how they are going to settle the expenses they made while living together.
If you think a cohabitation agreement is very complicated and you should consult with expert on preparing one for you and your partner, you are not alone. Most people think of this agreement as a complicated legal document that needs services of a lawyer but if you actually see a sample agreement, it’s not that difficult. Just get to know the real purpose of this agreement, make sure to include every little detail, get it signed by both parties and that’s it.
Free Cohabitation Agreement Templates
Here are some Cohabitation Agreements Templates to download. Below are some simple guidelines for drafting a cohabitation agreement;
Go through sample agreements:
In order to clearly understand what a cohabitation agreement looks like and how it should appear to be used a legal document, you should see some sample agreements. There are dozens of websites that have free agreement templates and it could be very helpful for you if you can just quickly check out some agreement samples on internet.
Decide what should be in the agreement:
This is the part of the agreement where you need to be as specific as possible and give as much details as necessary. For instance, if you and your partner are renting the place together or only one of you owns the property, it should be mentioned in the agreement along with what will happen after separation. In the same sense, who will be responsible for paying utility bills and who will be in charge of other household expenses is also something that should be written in the agreement. From giving information of what both parties earn with their source of incomes to what they owned before this agreement and what they are planning to do with whatever they buy during living together, there are as much details possible to add in this cohabitation agreement as the couple would want.
Details of children:
If one or both partners have kids either with each other or from previous relationships, it is very important to mention what’s going to happen when they start living together or after they are separated. This part will include the details like; who is the legal guardian of the kids, who is going to pay for it, if any financial help comes from previous partner, who is going to decide about how to use it and in case these parties are separated, who will take responsibility of the kids.
Debts and money you owe:
Even after you are in a living relationship, your partner will not be responsible for the debts you have. This means the cohabitation agreement needs to clarify that how each partner is going to handle debts of each other and in case any of them decides to take mortgage or loan, will they both be held responsible for paying it back?
Signature and Notarization:
The last thing after drafting the agreement is to ask all involved parties to sign it and it would be better if there are witnesses who can also sign the agreement. Getting the agreement notarized is also a great way of making sure there is no hidden loophole in the agreement.