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A roommate agreement is a legally binding document that you and whomever you share your living space with will sign. A rental agreement between roommates is separate from the lease agreement and doesn't include the landlord.
The price of rent. Splitting bills: Who pays what and when? Moving out early. How the security deposit will be handled. Roommates who have pets (or want one) Lay out your schedules on paper. When private time should be respected. Guests and significant others.
Standard rental and lease agreements often state: Guests may stay a maximum of 14 days in a six-month period – or 7 nights consecutively on the property. Any guest residing on the property for more than 14 days in a six-month period or spending more than 7 nights consecutively will be considered a tenant.
Even if your roommate is a co-tenant, having a roommate agreement is wise because it explains what's allowed, what's not allowed, and who's responsible for certain payments. A roommate agreement is also important because, if your roommate vacates early, it can help you avoid having to pay all of the rent and utilities.