Q:I posted this on mortgages and endowments board but maybe it would be better on here.
I am in the process of buying my ex partner out of his interest in our joint property. I am theoretically interested in the steps I would need to take in order to have a future partner live with me but not be able to gain interest in the property (for my own future protection in the event of a future break up). I understand from a bit of reading around that if a partner were live in my property with me but as a tenant (with tenancy agreement) this would be a way of doing it. I would not let anyone move in without an agreement to the effect that they are not gaining an interest in the property beforehand but is there a particular legal document which can be done to make this very clear so there can be no confusion at a later time?
I am in the process of buying my ex partner out of his interest in our joint property. I am theoretically interested in the steps I would need to take in order to have a future partner live with me but not be able to gain interest in the property (for my own future protection in the event of a future break up). I understand from a bit of reading around that if a partner were live in my property with me but as a tenant (with tenancy agreement) this would be a way of doing it. I would not let anyone move in without an agreement to the effect that they are not gaining an interest in the property beforehand but is there a particular legal document which can be done to make this very clear so there can be no confusion at a later time?
Hi there
Not sure if there is a legal document you could draw up, but as the law is tending to lean towards every couple classed as man and wife, you may have a struggle? I know that when you have lived with somebody and contributed towards the house as a couple they can register their interest against the property. Therefore you wouldn't be able to sell the house without their interest being looked into first.. not sure if that applies to 'common law' or husband/wife etc though.
Good luck!
http://money.guardian.co.uk/experts/legal/story/0,11106,816349,00.html
http://money.guardian.co.uk/news_/story/0,,2068634,00.html
And here's one about arranging a cohabitation agreement
http://www.cohabitation-agreement.co.uk/home2-1.html