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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. Three key points include: 1) While cohabitation agreements can be created in writing, verbally, or through conduct, it is strongly recommended to have a documented contract to ensure enforceability in court. 2) Couples can customize property arrangements, choosing between community property, separate property, or a combination of both. 3) The term "palimony" often arises, allowing one partner to make financial support payments to the other if the relationship ends. Provisions on additional matters can also be included in the agreement.
