New ‘Cohabitation Agreement’ documents available
Content update:
Epoq have today added new templates to the range of Rapidocs templates available to our customers. The new documents are updated versions of our Cohabitation agreements - in addition to updating the main Cohabitation agreement, we have added two letters to assist employees in the process of registering an option to purchase a share in the joint home. These documents are designed to be sold together, and the details are as follows:
Cohabitation agreement: This document has been completely re-written from our previous cohabitation agreement and includes an option for the user to create an option to purchase their partner’s share in property. You may not be aware, but living together does not give you an automatic right to a share in the joint home if your relationship ends. An option to purchase is where an owner of the home gives another the right to buy his or her share in it at a particular price to be agreed or valued at the time the option is exercised. This will give each cohabitating partners rights they would not normally have because they are not married or in a civil partnership.
Application to enter an agreed notice: This document is for people to register an option to purchase that they have created in our new cohabitation agreement.
Form K1 – Application for registration of a land charge: Another document to register an option to purchase as above.
Existing Epoq customers interested in adding these documents to their service should contact either their Account manager or Project manager in the first instance.