- May 5, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Questions About Assets and Common Law Relationships
Hello, I have some questions about assets and Common Law relationships. My partner and I have rented together for 2 years, and I am beginning to make arrangements to purchase my first property. I will be the only one on the title, but my partner will live with me, not contributing to the mortgage, only utilities and groceries.
I’ve been reading about cohabitation agreements, and I understand that no agreement is completely iron-clad. However, I want to learn about the best ways to protect myself and any future assets. I’ll definitely need a family lawyer, but I am wondering if anyone here has some insight about how these things usually go.
Thank you!
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You and your partner will each need independent legal advice (from different lawyers) before signing a cohabitation agreement, if you want the agreement to be binding. A first step is discussing with your partner what you want to happen if the relationship ends (due to breakup or death). Once you are on the same page, talk to a family lawyer to draft the agreement.
Maybe you should draft up a lease agreement for your partner to sign and have them pay you rent.
That way, if things ever go south, there’s no confusion who owns the property and who is just a tenant.