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Roommate Agreement(ADDENDUM TO THE RENTAL AGREEMENT) Dated: This agreement amends, is incorporated into, and forms a part of the Rental Agreement dated ______, 20 _, between __________, Owners and _______________, tenants. Tenants, also known here as "Roommates" desire to rent the premises on a "roommate arrangement." Owners agree to this arrangement under the following terms and conditions: ROOMMATE APPROVAL AND SUBSTITUTION--Every person who wishes to become a Roommate under this agreement, whether as an original Roommate or as a substituted Roommate, must first submit a Rental Application and be approved by the Owners in writing. Owners, at their option, may require substituted Roommates to sign the existing Rental Agreement or may require an entirely new agreement to be signed by the substituted Roommates and the remaining Roommates. Upon substitution of Roommates, Owners may elect to increase the deposit. FINANCIAL RESPONSIBILITY--Each Roommate agrees to be jointly and severally liable to the Owners for the entire rent and the entire amount of any other charges incurred under the Rental Agreement. DEPOSITS--Roommates agree to pay deposits to the Owners in the form of a single certified check or money order. The Owners will hold all deposits until the entire dwelling has been vacated completely. Owners may make deposit refunds in the form of a single check made payable jointly to all Roommates with rights to the deposits. This check and the itemized accounting of deposit deductions may be sent to any one of... (Excerpt)
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