What to include in your agreement:
Your cohabitation agreement should clearly define who owns what in the home and how the property is split. Contents, personal belongings, bank accounts, debts and major or joint purchases should all be included. You should be clear about who will continue living at the property if the relationship ends; this is particularly important if you have children. You will also need to include details about any additional financial support that will be provided for your children beyond basic legal requirements.
The cohabitation agreement does not have to just be about what happens in the event of a breakdown – it can also define how your finances work as a couple, such as who pays for particular household expenses and how you want to split joint bank accounts. This can help avoid general arguments and make sure both of you know exactly what your responsibilities are on a day-to-day basis.