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A roommate agreement is a legal document used to create a binding contract between people who are collectively renting a property. This document will serve to protect these individuals in the event of a dispute by having all the expectations clearly outlined in a legal contract. This agreement should be put in place before the individuals move in together.
Different aspects of the rental agreement should be discussed, including how the monthly rent will be split and paid between the roommates. The contract should also outline who is responsible for various expenses such as utilities, maintenance, and upkeep. If this is clearly outlined, legal disputes can be avoided, since all parties involved with know their obligations. Both parties should sign and date the form to demonstrate their understanding and agreement.
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