Document background
The Cohabitation Contract is essential for couples entering or in a de facto relationship in New Zealand who wish to clarify their property rights and financial arrangements. This document becomes particularly relevant given that under New Zealand's Property (Relationships) Act 1976, de facto partners who have lived together for three years or more generally have the same property rights as married couples. The contract allows parties to opt out of the default legislative regime and create their own arrangements regarding property division, financial responsibilities, and living arrangements. It should be prepared with independent legal advice for each party and must comply with New Zealand legal requirements for contracting out agreements. The document typically includes detailed schedules of assets, financial disclosures, and specific arrangements for property management and relationship breakdown.
