‘Living together’ or ‘sharing’, apparently without legal ties, appeals to many young people. It is also the lifestyle of choice for some slightly older people who have had bad experiences with marriage. What they do not know, is that these ‘casual relationships’ have a higher fatality (divorce) rate than real marriages.
More than just fun . . .
Living together can be hell. Sharing a living space, almost always has some legal consequences. You can usually spot the problem areas by asking questions such as:
Who is liable for the rent or the bond*?
Who gets the parking place and who parks in the road?
Who gets to stay in the property when you decide to part?
Who owns the contents – furniture, fittings, linen, and kitchenware?
Who pays for damage to fittings and fixtures when your party guests go crazy?
Who pays for services, such as telephone, water & electricity, refuse collection?
If you can’t get on together any longer, can you cancel the lease and move on?
Can you claim your money back when the fun stops and you want to go?
*NEVER buy a house or flat, or invest in one with another person, until you have seen a relationship lawyer (like Roger).
Whether putting money into a property, or just lending some to the owner, you MUST have a written agreement – trust me, there is likely to be more confusion and conflict between unmarried cohabitees than married folk. Not just because of a lack of commitment – it’s the uncertainty, not knowing where you stand.
THE POINT is this – every relationship is a financial relationship, especially when you live or invest in the same space. If you don’t have an agreement in writing, you might not see your money again!
IF YOU STRIKE A PROBLEM – call us, we’ll help you handle the troubles. We have overseen as many unmarried break-ups, as we have done divorces. And that score is over the thousand mark.