Oh My Apartment

Drafting a roommate agreement is always a smart idea, even if you’re living with a close friend with whom you rarely disagree. You’ll be thankful you laid down some ground rules later down the road when an unexpected disagreement arises. Consider the following benefits if you or your roommate are still apprehensive about drafting one.

An Agreement Creates Discussion Upfront

Even before rules are put on paper, the act of sitting down to discuss and compose a roommate agreement is an important step on its own. You may think…

Whether living alone or with roommates, there are always trade-offs. Your living space is central to your quality of life. If you’re on a budget, carefully weigh the options of privacy versus cost savings to select the best living arrangement for you.

Budgeting

Your budget, and how you spend your money, are key to determining whether you need roommates in order to afford an apartment. Based on your take-home pay, determine how much rent you can afford. Keep in mind that most…

Finding a roommate is usually a difficult task. Do you ask friends or search for strangers? What about family members? Before you decide what type of people to ask, though, you need to ask yourself one question: Should your roommates be the same sex or the opposite sex?

Your Family Background

Finding a roommate who’s either the same sex or the opposite sex depends on a number of factors, the biggest of which is you and your background. If you grew up…

When you decide to take on a roommate, there are some things you should consider before you sign a lease. Among them are considerations as to what happens if the roommate leaves, hanging you with the responsibility of the rent.

Be on the Same Page

You should always spell out every detail when you are signing a lease with a roommate, as to the responsibilities and what is expected from each party. You can liken it to a partnership agreement in business…