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Room Rental Agreement Form

A room rental agreement form is used when a tenant rents out a single room in a multi room house or apartment. In some cases, a homeowner may rent out a room in their house, while in other cases roommates in a shared space may each have their own separate room rental agreement with the landlord or property owner. Room rental agreements may also be used for short term rentals, such as bed and breakfasts. A room rental agreement form can be as simple or as detailed as a landlord wishes to make it. The form should state the duration of the rental, and the rate to be paid for the rental. Tenants may be required to pay for a room on a monthly basis, or they may be required to pay a day rate for each day they stay in the room. A tenant may also be required to pay a deposit before signing a room rental agreement form; the deposit protects the owner against damages, and the amount and terms of the deposit should be clearly stated in the room rental agreement form.

Fast Facts

  • In 2009, the average weekly rental rate for short term vacation rentals in Nantucket was $4,481.
  • In 2009, the average weekly rental rate for short term vacation rentals in Cape Cod was $2,503.

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