Wanna Share A Room?

Gloria Smith
 


Visitors: 200

In some parts of the world, renting a house or an apartment; and then subsequently having the rooms rented out to other individuals, is a common occurrence. This practice, which goes by the terms subletting or flatting, is a form of living arrangement that is popular among young adults. Not only do they have a semblance of privacy and independence, since the maintenance and utility costs are shared, it also becomes quite economical for those involved.

If you plan to sublet the house you’re renting or plan to be a tenant of a tenant, make sure that the owner of the house is aware of this planned living arrangement. Check the contract or lease agreement and make sure that there are no specific clauses prohibiting you (or the main tenant) from conducting subletting procedures. Once you have verified that subletting is allowed, you are then free to either move in (if you’re the lessee) or look for flatmates.

If you will be the landlord, it would be wise to draft a contract between yourself and your lessee. In your contract, make sure that all the stipulations and conditions indicated in your agreement with the main landlord, most especially those that involve what are or are not allowed in the premises, remain the same. Remember that in case your tenant does serious damage to the property, you will be responsible for it. So don’t take any chances.

If you will be the tenant, it is still advisable to sign a contract with your “landlord”. Have a copy of this document on file so you can easily revert to it in case disputes or problems arise.

If both of you will abide by the agreed upon rules and regulations and get along well even on a personal level, then sharing a room, or a house would not be a problem. Not only is it financially viable, it is also a great way for you to meet and make good friends.

This is article is brought to you by Gloria Smith at LegalHomeForms.com. Created by a former, licensed Real Estate Agent, LegalHomeForms.com was designed to offer instant access to the most sought after type of real estate forms . For the cost of what others charge for one real estate contract , you can have instant access to over 60 downloadable real estate forms.

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