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Dos And Don’ts For Sharing A Rented House
Jan 20, 2020
Dos And Don’ts For Sharing A Rented House

In various cities, due to the high rental rates, students and young professionals often rent a house together. Although this may be economical sharing a house with a roommate may not be easy. We examine the dos and don’ts
Sharing a rented house has become a common practice, wherein, two to four people live together. There are several obvious advantages to following this route.

Reduced expenditure

The biggest advantage of sharing an accommodation is that the individuals can afford to stay in a centrally located area of the city, “They share the rent, security deposit and essentials like electricity, water bill, etc. So, personal expenditure is reduced. One can even hire a cook, to have home-cooked food. In some cases, such tenants even open a common bank account and one person handles the pay-outs.

However, in most cases, each one gives its share on a monthly basis. In case one person is leaving, either all the others pay back his share of the deposit and share the rent amongst themselves, or bring in a new person who takes over from the one exiting. All these are quite well worked out and generally move smoothly,”.

Landlords in cities many also prefer such groups taking up accommodation, as they stand to get a higher rental, compared to what they would get from a family.

Rules to follow while sharing a rental house

Living in shared accommodation can be a blessing, especially in a new city.

Legal agreement for shared accommodations

“For the lease/rental agreement, some landlords insist that all the names of the tenants be mentioned, while others may prefer it in one person’s name”.Our Experts examine that it is better to have all the roommate’s names mentioned in the agreement and not yours alone. “Let the owner deal with each one individually for the rent. Otherwise, it becomes your headache later. If there is an agreement in place, they are legally bound to abide by the rules,”.

How to maintain a cordial atmosphere with your roommates
Sharing accommodation, is a practice that is commonly used by working professionals of all ‘A’ bracket companies, as it is a practical way of living in a new city. Whether there is a party at home or shopping for weekly supplies, chalk out a fair system that suits everyone who is sharing the house. It is better to know the roommate in advance, if possible. “Don’t be very guarded or very open. It takes time for the relationship to grow. Be clear about each one’s responsibilities, when it comes to doing chores. Be friendly and always communicate clearly, if there are issues. Never try to deal with a situation silently or by shouting. There are advantages of sharing an apartment, as one does not feel lonely in a new city and at times roommates help one tide over emotional and financial crisis too,”. Respect each other’s privacy. There are times when one’s roommate can become a good friend and it is okay, even if this does not happen.

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