Why is my Nova Scotia bank requiring me to get “Independent Legal Advice”?

Why is my Nova Scotia bank requiring me to get “Independent Legal Advice”?

If you have rights to a property in Nova Scotia, usually by way of the Matrimonial Property Act, but you are not an official owner on title to the property, the owner of the property must get your consent before they can sell or encumber it (like a mortgage or line of credit). In almost all of these circumstances, you will have to sign the legal paperwork as the ‘Releasor’, meaning you are releasing your right to prevent the property from being sold or encumbered.

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What’s the benefit of having a Co-habitation Agreement for my common law relationship in Nova Scotia

What’s the benefit of having a Co-habitation Agreement for my common law relationship in Nova Scotia

What is a co-habitation agreement?

A co-habitation agreement is a legally binding contract between unmarried couples who live together. In Nova Scotia, a co-habitation agreement establishes legal rights and responsibilities towards each other, similar to how marriage provides certain legal protections for couples who tie the knot.

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