Co-tenancy Agreement Template - Sixteen Points

How to Write a Co-Tenancy Agreement?

To begin writing your Co-Tenancy Agreement template, you will want to include the following information:

1. The date the agreement will be signed between all parties.

2. The full name of each tenant and the amount of rent each of them will pay (these people will become the co-tenants).

3. Address of the rental property, the minimum length of time all co-tenants agree to reside at the property, the total amount for the security deposit, the total amount of rent collected each month, and the name of the landlord or property manager.

4. Rules that each tenant must agree to abide by:

   • Additional expenses such as electricity, internet, heating, and garbage;
   • General upkeep and cleaning of the property;
   • Limiting damage by any single tenant. Should a tenant be found liable for damages made to the property, it will be their responsibility to pay for the repairs in full;
   • Shared cost of any repairs or improvements;
   • Whether or not pets will be allowed on the property and the co-tenant who wishes to own a pet will be solely responsible for paying any additional fees or costs related to the pet;
   • A clause stating that any co-tenant that wishes to leave the Rental Agreement early must find a suitable replacement co-tenant before moving out.

5. Acknowledgment of agreement by the landlord for the rules listed above.

6. A contingency clause, should one of the co-tenants be unable to pay their share of the rent all other co-tenants agree to make up the difference to ensure the full monthly rent payment is fulfilled. Should a co-tenant cancel their part of the agreement, any money owed to another co-tenant by them will be paid in full before they move out of the property.

7. Final signature and date section for all co-tenants.

Note, you will want to make sure each co-tenant will have a copy of the signed agreement sheet for their personal records.

Not what you were looking for? Check out these related topics:

• Roommate Agreement;
• Cohabitation Agreement.