Renting Room to a Friend

I just bought my first apartment and I’m renting the second bedroom a friend of mine. I’m living in the apartment, too. Does anybody have any experience/advice in putting together a contract for this situation? We’re good friends, but both agree that a (semi)formal contract is necessary to avoid any misunderstandings. I’ve looked online for sample lease agreements, etc, but haven’t found any examples where the landlord is living with the tenant. Thanks!

By lgs782 |