VIEWS: 139 PAGES: 3 CATEGORY: Real Estate Agreements POSTED ON: 7/20/2010
A Roommate Agreement is an agreement entered into between the tenants of a residency that sets out and establishes the rules and guidelines for financial and household responsibilities between the parties.
ROOMMATE AGREEMENT THIS ROOMMATE AGREEMENT (the “Agreement”) made this ___ day of _____________, 2_______, by and between __________________ (“Roommate 1”) and ___________________ (“Roommate 2”) collectively referred to herein as the “Party” or “Parties”. WHEREAS, Roommate 1 and Roommate 2 have entered into a Lease Agreement (the “Lease”) with ___________________ (the “Landlord”) dated the _____ day of ___________, 2_______ in respect of the rental premises located at _____________________ (the “Rental Premises”); AND WHEREAS, Roommate 1 and Roommate 2 are desirous of entering into this Agreement to provide for the equal sharing of all responsibilities and costs of leasing the Rental Premises. NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Roommate 1 and Roommate 2 hereby agree as follows: 1.00 TERMS 1.01 The term (the “Term”) of this Agreement shall commence on the date of execution of this Agreement by the parties hereto, and shall continue to remain in full force and effect until the ____ day of ___________, 2______, or until termination of the Lease. 1.02 The Parties hereto hereby acknowledge and agree that the Lease provides for a month to month tenancy of the Rental Premises. The Parties hereby agree that each of them shall provide advance written notice to the other in the event one of the Parties intends to vacate the Rental Premises prior to the end of the Term or the terminate date
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