"Room For Rent" signs and classified ads and online ads for housemates are cropping up seemingly everywhere. It appears that people are not just looking for roommates... These are people taking on boarders to make ends meet or otherwise pay down that adjustable loan reset.
If a new trend it could easily cause a drag on rentals of one-bedroom apartments, efficiencies and rooming houses. As the cost of living continually ratchets up, this sort of living arrangement is likely to increase.
Perhaps attorneys can pick up on this trend through drafting home sharing agreements for boarders and roomers, and for drafting tenant-in-common agreements as people add names of relatives and very close friends to their deed for refinancing and escaping foreclosure purposes.
Landlords be wary...
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