Shared Residence Agreement


Overview
- The Shared Residence Agreement is used by two people who will live together in a house or apartment.
- This agreement is designed for use by two adults.  In most states, you are considered an adult at age 18.  
- The agreement may be used by people living together for any reason.  If a couple is living together in lieu of marriage, there are a considerable number of optional provisions that must be considered.
- All roommates should have a clear understanding about their individual responsibility for rent and other living expenses. 
- It is also important to establish rights to property acquired, and debts incurred, during the course of the arrangement.  
- Without a clear agreement, problems are more likely to arise.  Like other kinds of agreements, it's best for roommates to put their arrangement in writing. 

When You Need It
- Use this agreement when you decide to live with another person in a house or apartment, without the legally binding obligations of marriage
- To clearly establish in advance each person's rights and obligations.


Getting Started

You will need:
- Full names of all parties involved.
- Effective date of agreement and exact address involved.
- The detailed terms of the arrangement, such as payment of bills, insurance issues and any other shared expenses.

When to Review and Revise
- When any changes occur or when the arrangement is terminated.