Cohabitation agreements (also known as nonmarital agreements) are similar to prenuptial agreements for couples who are planning to marry—but cohabitation agreements are for people who are living together and having a sexual relationship without being married. These agreements address issues that may arise during the relationship (payment of rent and other expenses, household chores)—and issues that may arise if the cohabitation relationship ends (ownership and division of home or other property, support).
In New Jersey, cohabitation agreements, also known as nonmarital agreements, are recognized and enforceable. These agreements allow couples who live together without being married to outline their financial arrangements, responsibilities, and the division of property. New Jersey law permits these agreements to address various issues such as payment of expenses, division of chores, and property rights. Additionally, should the relationship end, a cohabitation agreement can stipulate the division of jointly acquired assets and liabilities. It's important for individuals entering into such agreements to have their own attorneys review the terms to ensure that the agreement is fair, reasonable, and entered into voluntarily by both parties. While New Jersey does not have a specific statute governing cohabitation agreements, they are generally upheld by courts as long as they adhere to contract principles and do not violate public policy.