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Co-living Agreement
"I need a co-living agreement for three tenants sharing a 4-bedroom apartment, specifying a 12-month lease term, equal rent division, shared utility costs, and a 30-day notice for termination."
What is a Co-living Agreement?
A Co-living Agreement sets the rules and responsibilities when multiple people share a living space in the Philippines. It's like a detailed roommate contract that covers rent payments, utility shares, common area use, and house rules - but with legal weight behind it.
These agreements have become essential in Filipino urban centers, especially with the rise of shared housing in places like BGC and Makati. Beyond just splitting costs, they protect everyone's rights under Philippine property laws, establish clear dispute resolution steps, and help prevent common co-living conflicts before they start.
When should you use a Co-living Agreement?
Use a Co-living Agreement before moving in with roommates in the Philippines, especially in major cities like Manila or Cebu. This legal document becomes crucial when sharing apartments, condos, or houses with non-family members - from student housing arrangements to professional co-living setups.
The agreement proves particularly valuable when dealing with long-term stays, expensive properties, or situations involving multiple tenants sharing costs. It's essential for protecting everyone's interests during rental disputes, setting clear expectations about shared expenses, and maintaining harmony in co-living spaces under Philippine rental laws.
What are the different types of Co-living Agreement?
- Employee Housing Agreement: Specialized version for companies providing housing to employees, common in BPO centers and corporate housing in Manila's business districts. Details employer-specific rules, maintenance responsibilities, and terms for company-subsidized accommodation.
- Standard Co-living Agreement: Basic template covering shared living spaces, utilities, and house rules - ideal for regular roommate situations.
- Student Co-living Agreement: Modified version with academic term alignments, study space provisions, and flexible payment schedules for university students.
- Professional Co-living Agreement: Enhanced version with home office provisions, quiet hours, and guest policies tailored for working professionals.
Who should typically use a Co-living Agreement?
- Co-living Residents: The primary users who live together and agree to follow the terms, including both long-term tenants and short-term occupants in shared spaces.
- Property Owners/Landlords: Draft and enforce these agreements to protect their property and establish clear expectations for multiple tenants.
- Property Management Companies: Administer Co-living Agreements for large residential buildings or dormitory-style accommodations in urban areas.
- Corporate Housing Providers: Use these agreements when offering shared accommodation to employees, especially in Manila's business districts.
- Real Estate Brokers: Help facilitate and explain agreement terms when arranging shared housing arrangements.
How do you write a Co-living Agreement?
- Property Details: Gather complete address, room assignments, and common area descriptions from the property title or lease contract.
- Occupant Information: Collect valid IDs, contact details, and employment/income verification from all co-living residents.
- Financial Terms: Calculate exact rent shares, utility splits, and security deposit amounts per person.
- House Rules: List specific policies on guests, quiet hours, cleaning schedules, and shared amenities.
- Documentation: Use our platform to generate a legally-sound Co-living Agreement that includes all mandatory elements under Philippine law.
- Signatures: Ensure all residents sign in the presence of two witnesses for better enforceability.
What should be included in a Co-living Agreement?
- Party Information: Complete names, contact details, and valid ID numbers of all co-living residents and property owner.
- Property Description: Exact address, room allocations, and detailed description of shared spaces under Philippine property laws.
- Financial Terms: Individual rent obligations, utility sharing formulas, and security deposit arrangements.
- House Rules: Clear policies on guests, noise, cleaning, and common area usage aligned with local ordinances.
- Duration & Termination: Agreement period, renewal terms, and exit procedures following Philippine rental regulations.
- Dispute Resolution: Specific steps for conflict resolution, including mediation options under Philippine law.
- Signatures: Spaces for all parties' signatures, with witness provisions as required by local regulations.
What's the difference between a Co-living Agreement and a Broker Agreement?
While Co-living Agreements and Broker Agreements both deal with property arrangements in the Philippines, they serve distinctly different purposes. Let's explore their key differences:
- Primary Purpose: Co-living Agreements govern shared living arrangements between multiple residents, while Broker Agreements establish the relationship between property owners and real estate agents.
- Parties Involved: Co-living involves direct relationships between co-tenants and landlords, whereas Broker Agreements are professional service contracts between property owners and licensed real estate professionals.
- Duration: Co-living Agreements typically last for fixed residential terms (6-12 months), while Broker Agreements often cover specific transaction periods or listing durations.
- Legal Focus: Co-living Agreements emphasize daily living arrangements and cost-sharing, while Broker Agreements focus on commission structures, marketing rights, and professional obligations under RESA Law.
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