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When living with roommates, it's essential to fill out a roommate agreement. This document should detail rent payments, especially if there are disparities in living arrangements, such as one roommate paying $800 for a larger room while another pays $200 for a smaller space. The agreement clarifies financial responsibilities to prevent issues if a roommate moves out. Additionally, it's important to specify who will have utilities in their name, as this can affect credit building and create risks for the person responsible for the bill. Consider discussing a guest policy as well.