Life is full of unexpected twists and turns. Relationships of all kinds can encounter obstacles, and every couple faces challenges together.
When sharing a household while living together, the stakes may be high. You and your spouse might not have the level of security that you need if something were to happen to the other person. Furthermore, if the relationship ends, the other person could still have access to your finances, belongings, children, and personal data.
A valid legal agreement can provide the extra protection you need in these potential circumstances. Learn about facilitating your relationship with a cohabitation agreement with Feinberg & Waller, APC. We are experienced in a wide range of family legal situations, and we know how to position you and your partner for a positive experience together. Let us help you fully customize your agreement.
What Are Cohabitation Agreements?
When couples decide to get married, they may choose to create a prenuptial agreement, which has become a popular option for engaged couples across California. However, unmarried couples who are moving in together may also need certain legal protection.
Depending on your needs, a cohabitation agreement can separate property and clarify each party’s role in the home. In case of moving out or a dispute, an agreement lays out the expectations of both parties.
Once you create a cohabitation agreement verbally or formally, you are legally obligated to abide by it. Therefore, it is critical to review the contract with an experienced attorney. At Feinberg & Waller, APC, we will make sure the agreement is fair and fully protects you.
What to Include in a Cohabitation Agreement
Unmarried couples, family members, long-term roommates, and other cohabitating parties may choose to form a cohabitation agreement. This contract allows them to formally establish their expectations and responsibilities while living together.
A cohabitation agreement can define several aspects of your living arrangement, including:
- Each party’s household duties and responsibilities
- Each party’s financial contributions and obligations, such as rent and repair costs
- Ownership and separation of assets, property, gifts and inheritance obtained before and during cohabitation
- A method for resolving a dispute or terminating the relationship
Cohabitation agreements are not the same as landlord-tenant agreements, nor does a cohabitation agreement provide equal rights to a tenant and a landlord. Instead, cohabitation agreements are a solution for people who are collaboratively sharing the same residential space.
Speak with our lawyers to learn more about your rights under
a cohabitation agreement.
We have offices in Beverly Hills, Calabasas & Westlake Village.
When to Create a Cohabitation Agreement
At Feinberg & Waller, APC, we focus on providing practical solutions according to each client’s unique circumstances. We can review your situation and help you decide whether an agreement would be beneficial.
Typically, not every relationship will require legal protection with a formal agreement. However, there are many reasons why an agreement may be right for you.
You and the other party may be more likely to benefit from an agreement if:
- One or more parties own or expect to own assets of a significant value
- One or more parties own unusual assets, such as a business
- You share a child with the other party
- You may one day consider a separation
Cohabitation agreements are personalized solutions. Creating one does not have to mean that you don’t trust the other party. Rather, these agreements exist to keep the relationship running smoothly over time. If the relationship happens to come to an end, the agreement allows both people to fall back on a pre-established plan.
Consult With Our Skilled Attorneys
Get clear information and professional advice before entering into an agreement. Based in Beverly Hills, Calabasas and Westlake Village, our firm will give you personal attention as you make significant decisions about your finances, your relationship, and your living arrangement.
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