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A roommate agreement is a legally binding document that you and whomever you share your living space with will sign. It spells out how you will split bills, share items or food, use and maintain common areas and eventually move out.
Even if your roommate is a co-tenant, having a roommate agreement is wise because it explains what's allowed, what's not allowed, and who's responsible for certain payments. A roommate agreement is also important because, if your roommate vacates early, it can help you avoid having to pay all of the rent and utilities.
A Roommate Agreement is a written contract between roommates that outlines their rights and obligations while living together. This agreement includes house rules, maintenance duties, restricted behaviors, and more. For a Roommate Agreement to be useful, everyone sharing the household must agree to it.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
What do I include in a Roommate Agreement? Information about the property, roommates, and original lease. ... Term or length of the agreement. ... Rent responsibilities. ... Security deposit details. ... Responsibilities for utilities and household costs. ... House rules, roommate duties, and restrictions. ... Rules for termination of tenancy.
A roommate agreement makes the obligations and responsibilities of everyone living on the property clear, in writing. The intent of the document is to avoid potentially problematic issues, such as dirty dishes piled up in the sink, noisy late nights, and overdue rent payments.
What should I include in my roommate agreement? Paying for Communal Items. ... Cleaning. ... Noise. ... Guest Rules. ... Food and Mealtimes. ... Pets. ... Temperature.
By including key roles and responsibilities in the roommate rental agreement, you will all outline clear expectations, avoiding many unwelcome surprises that could arise if you don't discuss specific rules and boundaries before moving in together.