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In Nevada, a cohabitation agreement is a contract for unmarried couples living together, similar to a prenuptial agreement, outlining property division in case of a breakup. Here are three key points: 1. While cohabitation agreements can be established verbally or through conduct, it's strongly recommended to create a written contract to ensure enforceability in court. 2. Couples have the flexibility to choose their property arrangement, either treating it as community property similar to married couples or keeping assets separate, or combining both approaches. 3. The term "palimony" can be included, which involves one partner providing financial support to the other after a separation. Couples can also specify other provisions in the agreement.
