Testimonial 1:
Name: Sarah Johnson
Age: 26
City: New York City
"Wow, I can't believe how easy it was to find the perfect apartment with my friend, thanks to the 'how to rent an apartment with a friend' guide! We were both clueless about the whole process, but this guide broke it down for us in such a fun and simple way. It felt like having a knowledgeable friend by our side, giving us all the tips and tricks we needed. We followed the suggestions on how to split the rent and manage our finances, and it made the whole experience stress-free. Now, my friend and I are living in our dream apartment, all thanks to this fantastic guide!"
Testimonial 2:
Name: Michael Thompson
Age: 30
City: Los Angeles
"I have to give a huge shoutout to the 'how to rent an apartment with a friend' guide! As someone who has always wanted to live with a friend but was apprehensive about the whole process, this guide was a game-changer. It not only provided step-by-step instructions on finding the perfect apartment, but it also emphasized the importance of open communication and setting boundaries with your friend. I never thought I could find a guide that
Can you rent with a friend?
The most typical scenarios include: one tenancy agreement which each person in the property signs. You all share the property and its facilities and don't have exclusive possession of any part, even though in practice you might agree to occupy a particular bedroom and pay individual contributions towards the rent.
Should I charge a friend rent?
To start with the obvious: Yes! It's absolutely fair to ask your friend to pay rent. As for the amount, that's less clear. Ten percent of your monthly housing costs seems reasonable — generous, even, considering she spends more than that much of the month there, by your description.
How do pets complicate renting?
As a tenant, you're responsible for the wear and tear caused by your pet. Upon moving out your landlord can deduct from your deposit to cover any repairs.
What do you mean by sub letting of house?
How legit is rent a friend?
This porn star wanted to rent my apartment with 5 of her "friends" for the Paris marathon. I said no. #randomweirdness
— Amy Plum 🇺🇦 (@AmyPlumOhLaLa) January 25, 2013
Can you rent an apartment for someone else in NYC?
If you're interested in subletting your apartment, the first thing you should do is to look through your lease to see if there is a clause in there stating your landlord wouldn't want you subleasing. While most tenants in NYC do have a right to sublease their space, the landlord's approval is also needed.
Frequently Asked Questions
Is it a good idea to get an apartment with a friend?
While you and your best friend may have a wonderful relationship, living together can add financial strain to the dynamic, especially if you don't view or handle money the same way. In a roommate situation, both parties have to be financially responsible.
What are the cons of renting to friends?
- Lost Rental Income. One big possible disadvantage to renting to friends is that you will lose valuable rental income.
- Lease Term Violations.
- Late Rent.
- Unreasonable Expectations.
- Damaged Relationships.
How much should I charge my best friend for rent?
If you live in a much nicer unit, you might allocate 1/4 of the rent to your friend ($10k per year or $833 per month). Something you should also consider doing is adding an adjustment factor for vacancy. If your friend moves out, it might take you some time to re-lease the unit.
FAQ
- How do I deal with a friend who is not paying rent?
- Be direct and resolute yet kind. Lay down the fundamentals (pay or leave) and don't stray from them and never let the discussion go beyond them. Make this into a discussion about what is necessary to stay at the apartment, not about your friendship or something similar.
- Is it OK to be friends with your landlord?
Separate Business and Pleasure
If you expect special treatment, this could give rise to problematic issues between you and your landlord and between you and your other roommates (if any). Even though you are friends, always remember that being a landlord is your friend's business, and keep it professional.
How to rent apartment with friends
| Is rent a friend a thing? | For over 12 years—with hundreds of thousands of friends available Friends—RentAFriend.com has been the world's leading resource for hiring platonic companions for countless purposes. |
| How to rent an apartment with friends | Jul 15, 2020 — Anyone over 18 years old will have to complete a rental application. Rental applications typically require proof of employment/income, rental |
