VIEWS: 7,111 PAGES: 12 CATEGORY: Renting a Home POSTED ON: 10/20/2009
A cohabitation agreement is intended for use by non-married couples who are living together or who have chosen to live together. This agreement provides for the sharing of living expenses, the division of joint property upon termination of the relationship; and the retention of separate property acquired prior to, and after, the execution of this agreement. This agreement regulates the cohabitants' property rights and what arrangements might be made for mutual financial support, dealing with debt, caring for children, etc. A written cohabitation agreement can help ensure that the cohabitants are aware of what is expected of them and further helps in the event of a dispute and can assist the mediators, counsel or arbitrators in arriving at important decisions.