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In Nevada, a cohabitation agreement serves as a contract for unmarried couples living together, similar to a prenuptial agreement, detailing 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 document them in a formal contract to ensure enforceability in court. 2. Couples have the flexibility to choose their property arrangement—either treating property as community property, keeping it separate, or a combination of both.3. The agreement may also include terms for "palimony," which is financial support one partner may owe to the other after a separation. Additional provisions can be included as agreed upon by the couple.