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Room rental agreements, or sublease agreements, outline the terms of original lease agreements and serve as comprehensive references for tenants' rights and obligations. It's essential to have a written contract for subleasing to ensure that legal and financial obligations are enforceable, as oral agreements may not be honored. When drafting a room rental agreement, there are no restrictions on specificity, allowing landlords and tenants to detail responsibilities clearly. This guidance is provided by Santiago from Door Loop, emphasizing that he does not offer legal or financial advice.