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When living with roommates, it's essential to fill out a roommate agreement. This document should outline rent payments, especially when costs vary based on room sizes, to avoid issues if a roommate moves out. For example, if one person pays $800 for a larger room and another pays $200 for a smaller space, the agreement should reflect this to prevent financial burden on the higher-paying roommate if the other stops paying rent. Additional considerations for the agreement include determining who will have utilities in their name, which can help build credit but also poses risks if only one person's name is on the bill. Lastly, establishing a guest policy is also recommended.