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September 20, 2009
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!
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try http://www.ezlandlordforms.com/documents/
Posted by: guikazoid at September 20, 2009 6:04 PM
From experience, I would recommend a semi-formal agreement. Have you thought about what will happen if either of you breach the agreement? I had a friend rent a room once, I became a crutch and used to suck it up when he couldn't pay the rent. Eventually I got a job offer in a distant city and had to sell up, but if I hadn't I may still have been the crutch.
Posted by: bohuma at September 21, 2009 10:21 AM
let the person stay on a month to month basis. written contracts between friends are silly.
Whatever happened to trust in friendship?
Posted by: Ysabelle at September 21, 2009 11:48 AM
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