COHABITATION AGREEMENTS
Did you know that a common-law spouse, despite a relation of economic dependency:
- Does not benefit from the protection of the family residence nor of the family patrimony
- Does not benefit from alimony for the partner.
- Will be allowed to keep the property and savings under his name, no matter who paid the funds, the loans (mortgage) associated, and the other belongings or expenses like the furniture, the cars, the boats, the groceries
Cohabitation agreement
Did you know that common-law partners can, by cohabitation agreement, plan on how the main residence, the cars, the household’s common goods, and even the RRSPs and pension funds will be shared if they ever separate? A customized agreement like this can plan:
- Responsibility sharing and common life contributions of each person
- The goods and debts that each person processes at the beginning of common life
- The way of sharing common goods in case of a breakup
- The reimbursement terms for debts in case of separation
- The alimony payment in case of separation
- Admissible shared “earnings” as determined by the Régime de rentes du Québec (RRQ) or of a complementary retirement plan