Posts Tagged ‘Roommates’

If you have three people living in a two bedroom apartment, you may be confused about how to divide your living expenses. While typically living expenses between two roommates are divided equally, a third roommate makes the calculation a little more difficult.

Base It on the Bathrooms

If two of the three roommates are sharing a bathroom, the individual with a private bathroom should pay a larger share of the living expenses. Usually, a private bathroom is worth $50 to $100 more…

A roommate prenup is also known as a roommate agreement. This agreement is a written document signed by all the roommates sharing an apartment. Even if you decide to share an apartment with your closest friend, you should consider drafting this agreement so there’s written evidence to back any dispute that may occur.

What a Roommate Prenup Document Should Contain

The document should contain particulars about household chores, the amount of rent to be paid by each tenant, who has to make…