When it comes to property, the law has different rules for married and unmarried couples. There are courts and legislation set up to deal with marital assets, but for unmarried couples, the situation can be a lot murkier. That’s why it is essential to set up some ground rules before plunging into your exciting new purchase together.
It sounds overly legalistic asking the love of your life to sign a formal written document but the benefits are invaluable. A written agreement will actually serve to protect the both of you, by setting out each person’s rights and responsibilities, as well as a dispute resolution mechanism and exit strategy in relation to the purchase if your relationship breaks down. This article explores the different ways you can purchase property with your partner transparently.