What should be included in a roommate agreement?

What should be included in a roommate agreement?

Drafting a roommate agreement can save roommates from having serious issues or problems with one another. Not only does it require communication, but it can help resolve any disagreements if they come up. Issues that should be covered include:
  • Each person’s share of the rent, utilities and how much they contributed to the security deposit.
  • The space that will be occupied by each person. In other words, who gets what rooms.
  • A plan for how to divide things such as chores, shopping, cooking and other duties. Be specific and try to list them all in as much detail as you can.
  • Storage/parking. Who gets what and how much of it?
  • Guest/company policy. How will visitors and company be handled? Will there be a limit or stipulations on this type of thing? If so, what is the arrangement?
  • What happens if one of you wants to move out early or if you can’t resolve problems between you? This may not be a nice thought, but having it spelled out in advance can save things from getting out of hand.
  • Make sure you both sign and date the agreement and consider getting it notarized.
Related Topics (1)

Recommended Posts

Apartments on a College Budget

Apartments on a College Budget

Moving into your first apartment as a college student can be intimidating.  What do you need? What can you afford? What can you not live without? What’s reasonable for such temporary housing? These are just a few of the questions you may be asking yourself. The truth is, living in a college apartment is the […]

read more
Temporary Décor Solutions

Temporary Décor Solutions

One of the biggest dilemmas facing renters is how to make their home feel like their own within the limitations of not being able to make permanent changes to their space.  Having rented for several years, I have faced this dilemma time and again, and have come up with a few different ways to add […]

read more
How Renting can Strengthen your Credit Report

How Renting can Strengthen your Credit Report

Buying a house is not a simple task, but building your credit report can lead to the best mortgage rates available.  A great way to do this is by renting!  By simply paying your rent on time every month, it will show the bank that you are fully capable of paying your bills.  Meanwhile, here […]

read more

Pick a Category or Topic

Categories

Topics