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Room Rental Contract

A room rental contract is used to rent an individual room in a house or apartment. Roommates who share a home or apartment may each sign their own room rental contract; homeowners may also choose to rent out a room or multiple rooms in their home, and have tenants sign room rental contracts. A standard room rental contract will usually detail the specific provisions regarding the use of common areas that may be shared, such as bathrooms and kitchens. The contract may specify certain times that a tenant renting a room is allowed to use the common areas, as well as their responsibilities regarding the upkeep of common areas. A room rental contract may outline the division of shared chores, as well as what percentage of monthly utility costs and other costs the tenant is responsible for. A room rental contract may be used to rent a room for a short period of time; in this case the contract would generally be less detailed than a long term room rental contract. Weekend rentals, hotels, and bed and breakfasts commonly use simple room rental contracts.

Fast Facts

  • 5.8% of renter occupied housing units had 4 or more bedrooms, according to 2005-2007 census results, .
  • Apartment rental prices decreased for the first time in 5 years in the fourth quarter of 2008.

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