A “cohabitation agreement” is legally known as a section 90UB Binding Financial Agreement. There are different types of binding financial agreements although a “cohabitation agreement” refers to an agreement entered into by a couple who are already living together, as a de facto couple.
A cohabitation agreement can be a useful tool for de facto couples. These agreements are not just a way of getting through the dreary task of sorting out financial matters at the end of the relationship but, as with all types of binding financial agreements, cohabitation agreements can form the basis of long-range planning, even for couples who spend their entire lives living together in happiness. This article explores the different types of BFA's, their validity and intended purpose.