You have decided to move into an apartment with your best friend shortly after graduating from high school. Create a roommate agreement that makes sure you and your friend agree on your living arrangements.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

Answer this for me mate. Appreciate it.

You have decided to move into an apartment with your best friend shortly after graduating from
high school. Create a roommate agreement that makes sure you and your friend agree on your
living arrangements.
Transcribed Image Text:You have decided to move into an apartment with your best friend shortly after graduating from high school. Create a roommate agreement that makes sure you and your friend agree on your living arrangements.
Expert Solution
Step 1

Sample agreement which made between the two room matesMr. XXX andMr. YYY

Room mate agreement 

This Roommate Agreement is made on this 1/1/22  , by and among or between the following roommates: Mr.XXXX and Mr.YYYY (a “Roommate” and collectively the “Roommates”).

Purpose. The Roommates are tenants at the premises located at Building no 24, washington town street, New York for a term beginning on 1/1/22 and ending on 1/1/23 continuing month-to-month until terminated. The Roommates hereby agree to abide by the terms and conditions contained in this Agreement and to share the responsibilities and obligations while living at the Premises.

Rent. Each Roommate shall pay his or her share of the rent in the following amounts:

- Mr.XXX; Amount of Rent: $_1000

- Mr.YYY; Amount of Rent: $ 1000

The rent is due on 5th day of each month to the landlord. Each Roommate will deliver his or her share of the rent on or before the due date. If a Roommate does not pay the rent by the due date, any late fees that accrue or any other costs will be the sole responsibility of that Roommate. 

The rent includes access to and use of all common living areas which include the following

  •   Living room  
  •   Kitchen  
  •   Bathroom  
  •   Family room  
  •   Laundry room  
  •   Dining room  
  •   Basement

Security Deposit. Each Roommate is responsible for a share of the security deposit in the following amounts:

- Mr.XXX; Amount of Security Deposit: $500

- Mr.YYY ; Amount of Security Deposit: $500

Each Roommate will receive his or her share of the security deposit, minus any amount applied by the landlord divided , after the termination of the lease term unless any deduction is there

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON