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A Roommate Agreement is a written contract between roommates that outlines their rights and obligations while living together. A roommate agreement is a legally binding document that roommates can use to enforce financial obligations (like if another roommate doesn't pay rent).A roommate agreement is a legally binding contract put in place that both you and your roommates agree upon and sign, before living together. A roommate agreement outlines the obligations of roommates living in a shared residence. The landlord can be included but is not required. A roommate agreement, also known as a roommate rental agreement, is a contract between you and your roommate. A roommate agreement is a written agreement that sets house rules for those living in a shared rental unit. A lease sets expectations between tenant and landlord, while a roommate agreement sets expectations between tenant and tenant. Any apartment group that completes this. Finding the ideal roommate takes time, and you don't want to go through the entire process only to find out you aren't allowed to rent the room.