ARTICLE
20 November 2018

Young Couples Living Together To Save On Housing Costs Need To Sign This Often Overlooked Pact — Laurie Pawlitz Speaks To The Globe & Mail On The Importance Of Cohabitation Agreements

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Torkin Manes LLP

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Torkin Manes LLP is a full service, mid-sized law firm based in downtown Toronto. Our clientele ranges from public and private corporations, to financial institutions, to professional practices, to individuals. We have built our firm from the ground up—by understanding our clients’ business needs, being results-oriented, practical, smart, cost-effective and responsive.
Laurie Pawlitza gets a lot of starry-eyed clients in her office – they're often young couples who are moving in to their first home and come in asking for cohabitation agreements...
Canada Finance and Banking

Laurie Pawlitza gets a lot of starry-eyed clients in her office – they’re often young couples who are moving in to their first home and come in asking for cohabitation agreements to protect their assets. But many aren’t there of their own accord.

“It’s parents who may have helped buy properties for their kids – that’s why we see the cohabitation agreements,” says Ms. Pawlitza, a partner in the family law group at Torkin Manes in Toronto. “They want an agreement that will protect the initial investment.”

Ms. Pawlitza also sees clients such as these when their relationships end – the couples in their 20s and 30s who have moved in together, often to save on housing costs – and over the years have become common law. Suddenly, they are splitting properties, assets and savings – facing financial challenges they didn’t foresee.

This article was originally published in the Globe & Mail. To read the complete article, visit the Globe & Mail's website.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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