The short answer is yes! You and two of your friends can absolutely rent a house together. In fact, many people do it successfully every day. That said, there are a few things you’ll want to keep in mind before taking the plunge. In this blog post, we’ll give you an overview of what you need to consider before moving in with two of your besties.
Before you even start looking for houses to rent, sit down with your two friends and have a serious conversation about finances. You’ll need to figure out how much each person can afford to contribute to the rent each month and whether or not anyone will be able to cover the entire rent if someone else is unable to pay their share. It’s also important to understand that financial situations can change, so you’ll need to have a system in place for covering unexpected expenses.
2. Living habits
Do you and your friends have compatible living habits? If you’re neat freak who likes things just so, but your friends are slobs who leave their dishes in the sink for weeks at a time, that’s probably not going to work out too well. It’s important that everyone is on the same page when it comes to things like cleanliness, noise level, visitors, and so forth. Otherwise, you’re going to end up driving each other crazy!
3. Lease agreement
Once you’ve found the perfect place to rent, be sure to thoroughly read and understand the lease agreement before signing anything. Pay special attention to any clauses related to subletting or early termination of the lease. You’ll also want to make sure that all three of your names are listed on the lease agreement as co-tenants. That way, you’ll all be equally responsible for paying the rent and following the rules set forth in the lease agreement.
Moving in with two of your best friends can be a great experience—but it’s not without its challenges. Be sure to carefully consider things like finances and living habits before making any decisions. And once you’ve found the perfect place to rent, be sure that all three of your names are listed on the lease agreement as co-tenants. By following these simple tips, you can increase your chances of having a positive experience renting with two of your closest friends.