Finding a roommate has probably never been easier. Sites like Craigslist and Facebook offer thousands of offers for all tastes and budgets. In the meantime, rising costs mean that a growing portion of the rental community can no longer afford to walk alone. Technology and financial burden form a simple alliance that makes the search for roommates cut and dry. Even if your roommate is a family or close friend, using a contract to establish clear guidelines will ensure that relationships remain friendly. If a roommate wants to leave prematurely, you agree to resign at least 30 days in advance and find an acceptable replacement for other roommates and the owner. The total monthly rent is distributed among each roommate. Each roommate gives his share of the rent to the landlord on the 1st of the month. By creating a roommate agreement, the parties will be less likely to argue with their respective roommates along the way, since everything should be properly enshrined in the agreement that all roommates sign. Roommate agreements can help clear everything up early on.
A roommate agreement is a document used when two or more people wish to enter a common space and outline the rights and duties of each person. While a tenancy agreement covers tenants` rights and obligations to the landlord, it often does not cover the relationships between the roommates themselves. For this reason, a roommate agreement is a great idea when people decide to live together. If the applicant is approved, it is time to establish a roommate agreement (download). This should be done with all roommates (if more than two (2) in total). It is customary that at the signing of the lease and before the move, the new roommate pays the deposit (if any) and the rent of the first (1st) month. This could save you, as well as all roommates, a lot of headaches if the person is trying to get a free apartment for a short period of time. As with any agreement, penalties for infringement must be agreed. It is important to decide how you and your roommates treat someone who needs to move, someone who constantly violates the terms set, or simply disagree on what is written in the agreement. The model here will address the fundamental issues that need to be solidified in most roommate situations, but there may be additional agreements that roommates want to put in place. For example, there may be a clean-up plan or parking contract that should apply. If so, create a document containing the points each roommate has accepted, and then attach it to that document in accordance with Section 6.