Project Description
Cohabitation Process
Many clients are surprised when they learn there is no such thing as a common law husband and wife. To avoid any dispute, it is a good idea to have an agreement at the beginning, setting out what should happen should the relationship end. An agreement can be prepared before you start to live together or at any point during the relationship. The agreement could consider such things as the home; money and paying bills; pensions; personal possessions and children.
If there is no cohabitation agreement, any financial claim is likely to be under the Trust of Land and Appointment of Trustees Act 1996 (TOLATA.) The act considers whether a cohabitee has acquired an interest in the other’s property. If the cohabitee who owns a property does not make an express declaration that the other has a share the other has to claim that they have acquired a share using one of the following:
Contributed in money or money’s worth and there was a common intention;
Can show a common intention that there is a beneficial interest;
That you have been misled into believing that you had an interest to your detriment.