Secure agreements for Jersey property co-owners
Buying a property with someone, whether a partner, friend, or family member is an exciting milestone, but it also brings important legal considerations. Without clear arrangements in place, shared ownership can lead to misunderstandings or disputes, particularly if circumstances change. At Parslows LLP, we can help you protect your interests and avoid future conflict through carefully drafted co-owner and relationship agreements.
When two or more people purchase property together in Jersey, it is essential to clarify each person’s rights and responsibilities. A co-owner agreement provides a clear legal framework, setting out how the property will be owned, managed, and dealt with in the future.
Without a written agreement, disputes can arise over contributions, maintenance costs, or what happens if one party wants to sell. In some cases, disagreements may even lead to court proceedings, such as an action en licitation, which is a forced sale by auction. A co-owner agreement may help to avoid these situations by setting out clear terms from the outset.
For unmarried couples, the risks can be even greater. One of the most common sources of conflict in Jersey is property ownership between partners who are not married. The person named on the contract is the legal owner, even if the other partner has contributed financially to the purchase or upkeep of the property. Without a formal agreement, the contributing partner may have no legal claim. A relationship agreement, often referred to as a cohabitation agreement, can help to protect both parties by confirming each person’s interest in the property and addressing financial arrangements during the relationship and in the event of separation.
These agreements can also cover practical matters such as contributions to mortgage or rent payments, sharing of household expenses, ownership of personal and joint assets, financial support if the relationship ends, and arrangements for children, including residence, contact, and financial provision.
Because Jersey law does not recognise common law marriage, unmarried couples have no automatic rights if they separate. This makes it even more important to have a legally binding agreement in place.
At Parslows LLP, we take the time to understand your circumstances and draft agreements that reflect your shared goals while providing a solid legal foundation. Our team will explain your options for joint ownership under Jersey law, prepare a clear and enforceable agreement tailored to your needs, and advise on related issues such as succession planning and dispute resolution.
Our aim is to give you peace of mind, knowing that your interests are protected and your arrangements are legally sound. Whether you are buying a home together, moving in with a partner, or planning for the future, we are here to help you make informed decisions and avoid unnecessary stress.
If you are buying property with someone or want to formalise your financial arrangements, contact Parslows LLP today for expert advice on co-owner and relationship agreements in Jersey.
