A cohabitation agreement is a legal document created by two people who live together but are not married. This agreement outlines the rights and responsibilities of each partner regarding property, finances, and other important matters. It helps clarify expectations and can prevent disputes if the relationship ends. These agreements can cover various topics, such as how to divide shared assets, who pays for specific expenses, and what happens to joint property. Having a cohabitation agreement can provide peace of mind and ensure both partners are on the same page about their living arrangement.