Or, you two want to break up but you live together???
has this happend to anyone??
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Well, it depends on the couple and the situation.
If the break-up is amicable, some couples will continue to live with each other until their lease is up or they're able to save some money so one person can move out.
Other couples will decide that one person will move out, and may work out some sort of way to deal with rent (sometimes they will break their lease, sometimes the person who moves out will continue paying their half of the rent, sometimes the person who stays living in the home will agree to take over the lease and rent payments completely).
Of course, if the couple OWNS a home together, that's even more complicated.
In terms of other belongings, then hopefully the couple is able to divide their belongings in a way they both feel is fair (i. e. you keep the things you brought into the home, and then divide the items you've purchased together).
If the couple isn't capable of working the details, being fair to each other and stuff... eh, I'm not really sure. I suppose they might get the legal system involved if they feel it's worth it.