We’re thinking of drawing up a cohabitation agreement. How much would this cost?

The cost of cohabitation agreements can vary greatly depending on a number of different factors. For example, the cost could be increased if you have a large amount of assets or investments and the terms of the agreement are more complex. Also, your costs can increase if you both cannot agree on what the terms of the cohabitation agreement are and therefore more negotiation needs to happen between both parties.

Couples who live together and are unmarried do not acquire the same legal rights as married couples, despite how long they may live together.

This is why it is especially important for any unmarried couples considering moving in together to draw up a co-habitation agreement, particularly if you are a high net worth individual with large amounts of wealth and assets. Co-habitation agreements can also be prepared after you have moved in with your partner. They are important in the event of a relationship breakdown as they enable you to make sure that you and your assets are fully protected.

Cohabitation agreements can help avoid financial loss in the future and should be seriously considered. If you are thinking of making a cohabitation agreement then you should seek independent legal advice. Most solicitors will be able to give you a bespoke quote in your first meeting with them.