Cohabitation/Living Together Agreement Package
A living together agreement (also referred to as a “Cohabitation Deed”) is a contract between two people setting out who owns what, in what proportions and who is going to pay for what. The agreement lets you set out exactly how you will own property whilst together and how you will split your property, its contents, personal belongings, savings and other assets should the relationship breakdown.
The agreement can set out in detail how you and your partner will run the household finances during the relationship, such as how much each contributes towards rent or mortgage, food and bills. It can also provide for what happens to your bank accounts, debts, and joint purchases. You can even include future financial provision for any children that there may be.
A practical agreement can save a lot of heartache as well as money in the future. An agreement about how you are going to live together can be created sensibly at the beginning of your relationship, fairly and in the absence of the emotions that arise in the event of a breakdown. If you'd like to read more, here is a link to our Guide to moving in and Getting Married.
What's included within the package?
This package is based upon the fact that you and your partner have agreed how you are going to manage all of your assets and finances both during the relationship and in the event of a breakdown.
- We will obtain instructions from you about what you have agreed, in order to prepare the Living Together agreement. If things you have agreed will simply not work in a legal sense, we shall advise you of this and it may be that the fixed fee is put on hold whilst we help you seek an alternative solution.
- We will highlight things you may wish to consider/add to your agreement.
- Drafting the Living Together agreement and advise you about the wording and content of the document.
- Sending the agreement to your partner to enable them to obtain their own legal advice.
- Signing the Agreement.
- Emails and telephone calls that are necessary and proportionate to complete the agreement.
Our Charges:-
Legal Fees £1,180.00*
VAT (20%) £236.00
Total £1,416.00
What's not included:-
- This package is only available if you have reached an agreement prior to instructing us. If you require advice as to what the right agreement is for you, or help reaching an agreement, you will need to book an initial consultation.
- ID & AML Check is compulsory and charged separately
- This fixed fee is subject to our Fair Usage Policy and the cost of the package has been calculated to include up to 4 hours’ worth of work.
- * If the agreement is particularly complicated or contains numerous assets (in excess of £1 million) we will need to provide you a bespoke fixed fee/hourly rate charging.
