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Room rental agreements, also known as sublease agreements, outline the terms and provisions of original lease agreements and serve as comprehensive references for tenants' rights and obligations. Santiago from Door Loop emphasizes that he is not an attorney and cannot provide legal or financial advice. The goal of a room rental agreement is to specify the obligations of the principal tenant who sublets a room. Written agreements are legally recognized, while oral ones may not be, making it vital to execute a written contract when subleasing. This ensures enforceability of financial obligations and responsibilities. There are no restrictions on the level of detail to include when creating a room rental agreement.