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(1)Subsection (2) applies where, in relation to cohabitants, any question arises (whether during or after the cohabitation) as to the right of a cohabitant to—
(a)money derived from any allowance made by either cohabitant for their joint household expenses or for similar purposes; or
(b)any property acquired out of such money.
(2)Subject to any agreement between the cohabitants to the contrary, the money or property shall be treated as belonging to each cohabitant in equal shares.
(3)In this section “property” does not include a residence used by the cohabitants as the sole or main residence in which they live (or lived) together.
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