What will it cost?
Properly drafted cohabitation agreements can become quite complicated. The average amount of hours spent by a solicitor drafting an agreement is 15 hours. This includes:
- The initial meeting
- Preparation of the document
- Making amendments pursuant to client instructions
- Executing and signing of the document
Britton and Time’s charge for a cohabitation agreement starts from £1,800 + VAT. Price increases depend entirely on the complexity of the matter at hand. However, on average, a cohabitation agreement usually falls between £3,000 plus VAT and £4,500 plus VAT.
For independent legal advice on the agreement given to the other parties, you should budget between £300 and £500 plus VAT for their legal fees.
Clients often feel that a cohabitation agreement is quite expensive to draft. When you consider the cost of the document, think of the alternatives. Would you rather enter into litigation proceedings in court? This can easily run into tens of thousands of pounds. Compared to this, an agreement is a sensible investment that gives financial reassurance.