A roommate agreement template is a legal agreement among tenants that are occupying the same rental space. This agreement outlines their mutual consensus amongst each other in terms of agreed house rules, payment of utilities, and other expenses. In this rental agreement, the tenant is not involved. This agreement only exists between the tenants.
Moreover, the roommate agreement template is also known as the roommate contract, joint lease, and rent a room agreement. The agreement is signed by the two parties concerned. Also, it plays a role of spelling out the terms under which the two parties shall relate. These terms may include the following;
- The house rules
- Financial agreements
- Rules of engagements
- The settlements of bills
Why should you use a roommate rental agreement?
The use of a roommate rental agreement may reduce some stresses the tenant and their roommate may have during their residency. The valuable uses of this agreement include the following;
- It prevents disputes among roommates
- For students in universities, it creates amicable living stipulations.
- For unspoken expectations, creates settlements by the tenant and their roommate
- Formulate mutually agreeable house rules
What does a roommate agreement outline?
A roommate agreement outlines the terms of reference under which the roommates shall abide by. These include the following;
- The responsibility of the settlement of rent as well as utility expenses.
- The chargeable security deposit and the other incidentals
- Cleanliness and maintenance schedules
- Quiet times, overnight guests, and noise emission level
- Instructions regarding the space that is shared out
- The rules regarding smoking and drinking
- Relocation notice
- Dispute resolution procedure and approaches
How do you find a roommate and sign the agreement?
Roommates have to follow a very comprehensive process while writing and using a roommate agreement template; You may also like conference room scheduler template.
Make sure you have space
The tenant must make sure that the space they are renting is adequate to accommodate them. Also, they have to ensure the number of roommates they hope to have. The tenant, as a resident, may consider the following;
- An occupant
Reach out to people you know
For tenants, it is difficult to find out a roommate. Approaching a familiar face is easier as compared to the rapport that is already there. The tenant may consider the following;
- Close friends and family
- Post on social media
- Post online
Meet potential candidates
The factors like rent price and the suitability and security of the neighborhood will contribute to how much responses the tenant will get in their inbox. Meeting the short-listed potential roommates will assist the tenants in discerning the most acceptable candidate.
The tenant should make sure that they have;
- Meet at public places
- Prepare questions
- Address the standard
Screen the roommate
Doing a background check will assist in clarifying all details that the tenant already has on the candidate. A rental application that is submitted by the candidate will help in conducting the background investigation. Additionally, to run background checks, the tenant can also use websites available on the internet.
Create the agreement
Both the tenant and their roommate have to engage in the process together while creating the roommate rental agreement. You should start the agreement with;
Add basic information
- Identity of the parties
- Date of tenancy
- Expense information
List down the rules with your roommate
- Expense breakdown
- Shared and private rooms
- Guests and parties
- Quiet hours
- Early move-out
- Sharing/borrowing items
- Other house rules
Sign the document
Both the tenant and their roommate have to sign the document after satisfying with the agreement. You should also check the roommate expense spreadsheet.
Community Room Rental Agreement Template
Conference Room Rental Agreement
Free Roommate Agreement Template
Meeting Room Rental Agreement Template
Party Room Rental Agreement Template
Rental Agreement for Room
Spencer House Rental Agreement Template
Standard Roommate Rental Agreement
Tenancy Agreement for a Furnished Unfurnished Room
In conclusion, a roommate agreement template is a legal contract made between two parties while leasing out the rooms and units. The agreement outlines the terms and responsibilities of both parties.