The possibility of sharing a rental space is both thrilling and terrifying. It's not as simple as it sounds to find a roommate and split the rent on an apartment. It's a big commitment, and not everyone is happy to share their living quarters with others. Considerations include whether or not you feel you can get along with your roommate, no matter how close or distant your relationship is with this person. When money is tight, most individuals compromise and live as roommates. This is done with the expectation of accumulating funds for use in paying off other, more urgent debts. For this reason, many people plan to look for a roommate before signing a lease on a new apartment.
Sharing an apartment has several benefits. However, before delving into these benefits, it's crucial to have a firm grasp on what co-tenancy is and why you might wish to practise it.
What Is Co-Tenancy?
Co-tenancy refers to a situation in which the original tenant, the landlord, and the subsequent renter all share the same lease or rental agreement for a property. This provision allows the initial tenant to share the rental unit with other individuals. In addition, it lays out everyone's respective roles.
Co-tenancy agreements are useful since they spell out the obligations and protections of each tenant. It's also useful for mediating tenant issues. However, the terms of this arrangement vary greatly from those of a standard tenancy contract. It outlines the responsibilities of the tenants and the rent that must be paid by each. Do you understand now?
Now to the benefits of renting an apartment with a roommate in Nigeria.
Free Lodgings
This is, without a question, the most significant perk of sharing an apartment. It's also a major factor in why many people choose a co-tenancy arrangement. Getting a roommate might be a great way to save money on rent if you're a single person wanting to move into an apartment. As a result, you'll be able to save a lot of money. When renting in a joint arrangement, the rent and utilities are often divided in half. Everything from the monthly rent to the electricity, utility, garbage, and any other expenses that come due. If you have a lot of roommates, your rent will go down per person.
Collaborative Housework
This is just another compelling argument in favour of the co-tenancy model. Renters are often allowed to pitch in with housekeeping tasks. As in, cleaning, arranging, clearing, and everything else that needs doing around the house. You and your housemates can make things simpler by installing a roaster that operates on a daily, weekly, or monthly basis.
A Chance To Meet Some New People
"No man is an island," as the adage goes. Sharing a home with other people is an excellent way to broaden your social circle. Some of their friends will likely join your circle of friends. At any one time, you can meet and socialise with a whole new set of people. It's a great chance to meet interesting people and try out new activities, even if you're not naturally an extrovert.
To Deter Potential Invaders
As most roommates have varied work hours, this is a huge help. You may rest assured that intruders won't be a problem when you and your roommate(s) are both home at various times of the day by sharing an apartment. Some burglars lurk outside apartment buildings all day, waiting for inhabitants to leave so they can break in and steal valuables. However, having someone at home for most of the day can reduce the likelihood of break-ins.
Most of the time, we only consider the negative aspects of sharing an apartment. This overlooks the numerous advantages of living in a shared dwelling with others. So what do you think about living with a roommate? Have you done it before? Tell us about your experience in the comments.