Split Footer Lease For Free

If you plan on splitting rent based on room size, here's how you do the math: Add the square footage of all the private spaces in the apartment, including bedroom, bathroom, balcony, closets, etc. ... Divide each person's individual space by this number. ... Multiply the total rent by each roommates' percentage.

You can split rent with your partner by paying half each or by dividing it up based on income. It's important to work together to determine the right option for your personal and joint financial health.

Split Rent 50/50 For example, if you find an apartment that costs $1,800 per month, each partner would contribute $900. This method works well if you and your partner have a similar income and budget and can afford the payments while also keeping up with other financial obligations.

If you calculate costs per unit (each couple counts as one unit, as does the single person), then the single person will pay about 9.1 percent more than she or he would have if calculated the other way, but that person bears the entire cost alone.

Who should pay the bills, women or men? It really doesn't matter who actually pays the bills as long as the person doing it pays them on time and keeps their partner informed as to what has been paid and what needs to be paid. Both partners should always know what is going on with the household finances.

To determine your monthly payments, check out current rental rates for similar properties nearby. ?Either pay half the mortgage or a fair rental rate for a similar property, whichever is less,? she suggests. Then, of course, you can divide the rest of your living expenses ? utilities, groceries, etc.

Divide each person's individual space by the total square footage of private space and pay the same percentage of rent as space you occupy.