Easily Insert Calculations to the Flatmate Agreement

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How to Insert Calculations to the Flatmate Agreement

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[Music] hello this is doug in todays video ill cover how to create a rant splitting calculator in excel if youve ever been apartment hunting and you know youre going to have roommates you know youre going to have to split out their rent and if the bedrooms are the same size it could be pretty easy to split them out equally but what if theyre not the same size what if one is 13 bigger 15 bigger or 17 percent bigger how do you split out the rent well in todays video ill cover how to do two models with this both using square footage one for the square footage of the whole unit and one using the square footage of just the bedrooms so lets see how we can do this [Music] so ive mentioned before im going to base this rent splitting calculator on two models one that is going to take into account the whole square footage of the unit so ill use this particular unit as an example its got the square footage of 960 and youve got two bedrooms with the differing square footages for thos

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How do you split rent when one partner makes more?

Divide expenses based on each partners income. Heres an easy example: if you make $60,000 and your partner makes $40,000, your total income is $100,000. You earn 60% of the total, and your partner makes 40% of it. Therefore, for all your shared expenses, you will pay 60% each month while your partner pays 40%.

Should roommates split rent equally?

If all rooms are relatively similar in size and have the same amenities, splitting rent evenly is the best method. You just divide the rent by the number of roommates and youre done.

What is the most fair way to split rent between a couple and a roommate?

Split Rent 50/50 The obvious way to split rent is for each partner to pay exactly half of the bill each month. This can keep it simple, with each person having an even share in housing costs. For example, if you find an apartment that costs $1,800 per month, each partner would contribute $900.

How do you split rent between a single and a couple?

Split Rent 50/50 The obvious way to split rent is for each partner to pay exactly half of the bill each month. This can keep it simple, with each person having an even share in housing costs. For example, if you find an apartment that costs $1,800 per month, each partner would contribute $900.

How do you split rent evenly between roommates?

Each roommate should pay the same percentage of the rent as they have personal space. If one roommate has 50% of the private space and two other roommates have 25% each, divide rent by the same amount (or rearrange how much space each roommate has access to).

What are the 5 things you will include on a roommate agreement?

What should I include in my roommate agreement? Paying for Communal Items. Cleaning. Noise. Guest Rules. Food and Mealtimes. Pets. Temperature.

Can you split rent between two people?

Splitting rent based on income Another option is to charge each tenant a percentage of the monthly rent based on their salary. This is probably only something youd consider if youre renting with a partner, but it can work out well if theres a docHub difference in income between you.

How to split the calculation of paying for people on an apartment?

Splitting Rent Based on Room Size Add the square footage of all the private spaces in the apartment, including bedroom, bathroom, balcony, closets, etc. Divide each persons individual space by this number. Multiply the total rent by each roommates percentage.

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