What is a cohabitation agreement?
For unmarried couples contemplating purchasing a home together, a cohabitation agreement is essential. This agreement spells out how the property will be held and how it will be divided or disposed of should the relationship cease or in the event of death. The agreement can also go into additional detail regarding how the couple will divide mortgage payments, real estate taxes, maintenance and general upkeep, utilities, repairs and improvements, furniture and household goods. The failure to have such an agreement can lead to a forced sale of the house should the relationship end or an unintended inheritance upon death.
Our family lawyers can help with any cohabitation questions
If you are thinking about purchasing a home with your significant other and are wondering about any potential legal ramifications, our attorneys may be able to help decide if a cohabitation agreement is right for you.
The Perla Law Firm will ensure that your intentions are carried out and your interests are protected in a Cohabitation Agreement drafted to meet your needs. If you live in the greater Cleveland, Ohio areas and need assistance with a cohabitation agreement, contact The Perla Law Firm today.