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…
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!
let the person stay on a month to month basis. written contracts between friends are silly.
Whatever happened to trust in friendship?
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.
try http://www.ezlandlordforms.com/documents/