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- Have you decided to lease your rental unit to more than one tenant? Well, in that case, youll need to draw up a room rental agreement to specify the details of your arrangement. If youve never created this type of contract before, keep watching. Well provide you with all you need to know about room rental agreements in this video, so lets get started. (upbeat music) (logo whooshing) (bell ringing) Room rental agreement. A Colorado room rental agreement is a legally binding document in which the original tenant and landlord agree to lease a room to a new tenant in exchange for monthly rent. This document specifies the rent amount, security deposit requirements, rental period, and the terms and conditions of the arrangement, many of which also appear in the master lease. The terms of the room lease agreement might also specify the responsibilities for cleaning and maintenance that each roommate will bear. Unless an alternative arrangement is defined in this lease agreement, the cos
