The primary purpose of a Room Rental Agreement is to ensure that both the parties i.e. the owner of the property and the tenant agree on the same set of terms and conditions. With this information in hand, you’ll be adequately prepared to execute a commercial lease. However, there are other things that need to go into a business lease. For example, some properties will have an independent contractor do repair and maintenance in the building. You’ll need to decide what works best for your needs and make sure that information is included in the contract. Document the Physical Address of the Premises where the Roommates will live on the empty line between the bold word “Property” and the parentheses labeled “(Address).” This should be the Building Number, Street, Apartment Number, City, State, and Zip Code of the Premises the Roommates intend to share and live in. Finally, this document will need a definition as to when the Roommates defined above will live on reported Property under the terms defined in this document. For example, if the monthly rent of $500 is due on the first of the month, what happens if the rent is not paid until the 15th of the month? You can use a Late Rent Notice to ensure rent payment is made. Because oral agreements for room rentals are extremely difficult to prove, a signed room rental agreement is a wiser choice to protect both the landlord and the tenant.