When does The Roommate Agreement go into effect?

This agreement will remain in effect from [start date] to [end date]. If for any reason a roommate should move out before the above-listed term has elapsed, under the lease/rental agreement, the departing roommate is still obligated to the landlord by the terms of the lease. The departing roommate is responsible for finding a replacement roommate.

How to write a roommate agreement for an apartment?

We, [insert names of each roommate as they appear on the lease], have signed a lease/rental agreement for [name and address of apartment complex and unit rented] on [start date of lease]. As such, we have prepared and willingly signed this Roommate Agreement.

What are the terms of a roommate lease?

The rent of $_____ per month is due on [ insert due date of rent as specified in lease ]. Rent will be shared equally, at $____ per person [ OR list what each person will pay ]. Alex will write a check for the total month’s rent and take it to the manager’s office on or before the first of each month.

Is it legal to sign a lease with roommates?

Rents are high out there, which is why so many people choose to double- or even triple-up their living arrangements, setting off their monthly expenses by having roommates. Signing a lease, which is a legally binding document, is no small matter.

What happens if you sign a roommate agreement?

A lease is a legally binding contract between the tenants in a rental unit and the landlord. By signing this agreement, the tenants have agreed to pay rent and follow all terms of the lease agreement. If one roommate moves out, the remaining tenants are still legally bound by the lease and must still pay the full amount of rent owed.

Is the Roommate Agreement the same as the lease?

The roommate agreement is made between the tenants and has nothing to do with the landlord. It’s not the same thing as a lease agreement, which is one that is between a landlord or management company and the tenant, but there could be some overlap in what’s written in the roommate contract and lease. Start with the basics.

When does a roommate end his or her occupation?

The occupation or tenancy of a Roommate can be ended as described in the Residential Lease Agreement. A Roommate ending his or her occupation or tenancy will provide notice within the time frame described in the Residential Lease Agreement.

What happens if one roommate leaves early on a lease?

That’s because even one roommate’s leaving early violates the lease: All cotenants named in the lease agreed to stay in the rental for a certain amount of time. In practice, however, landlords often allow the other cotenants to stay when they continue to pay rent on time and maintain the other promises in the lease.