What are cohabitation agreements?
A cohabitation agreement legally defines the specific rights, obligations, and protections provided to individuals who live together without being legally wed. The agreement should be drafted by an attorney, and it is advisable for both parties to retain counsel. A cohabitation agreement addresses issues concerning joint properties, as well as separate properties, and a host of other financial obligations shared by unmarried persons. It can address the expectations on both parts about who pays for what in the cohabitation.
