Roommates need to understand the roles and responsibilities of their living situation. One way to achieve this clarity is through the use of a roommate agreement. The agreement itself is not like a lease, but will help resolve any potential issues that may arise. It should include the terms of rent, utilities, guest, home responsibilities, privacy, food, and possible movement before the end of the lease term. Once both roommates have these things written down, they should sign it and provide each other with copies.
- A roommate agreement is an essential way to guarantee that both parties have thorough understanding of all parties’ interest.
- A key difference between a lease and a roommate agreement is that while the former is set up between a tenant and a landlord, the latter is between co-tenants.
- An ideal roommate agreement helps avoid problems stemming from rent, home duties, utilities, among others, between tenants living together.
“Living with a roommate isn’t always easy, especially if you’re both trying to read the other’s mind.”