The Michigan roommate agreement directs the arranged expectations concerning the participants of a shared rental unit and the finer points of the transaction. Formulating a commitment to lease a residence can be complicated when the agreement is amongst many different occupants rather than a single tenant. The available form allows the details of the accord to be archived in a written format to refer to on an as-needed basis. The document indicates the following information for recording purposes:
- Roommates’ Names
- Landlord’s Name
- Rent Amounts for Each Roommate
- Utilities Assignment
- Security Deposit
- Residence Rules and Policies
Agreement to the terms of the contract is made enforceable when executed by all the involved individuals. Signing in the presence of a notary official will provide an additional layer of authentication should the validity of the document be called into speculation.