How to split rent with a roommate in Ibadan

So you want to rent an apartment with a friend, how do you split the rent? In theory, the decision is an easy way to save money. But remember, anything that involves money can raise questions, here are some tips to going about splitting rent in a way that's fair to all parties.

Equal splitting of rent
If every one involved will have roughly the same amount of space and the same amenities, this is the easiest method. Everyone pays the same amount. Just divide your rent equally by the number of roommates, and you’re done.
It’s also really smart and nice to check in with your roommates occasionally to ensure that they still think it is fair if one or two persons have an access to some amenities that they don't. For example, after months of sharing a bathroom, some roommates might feel differently about paying the same as the roommate who has their own sink.

Using the allotted spaces to calculate the rent
If different roommates have access to different amounts of space, dividing the room evenly is a fair way split rent.
Measure everyone’s private space—bedrooms, bathrooms, balconies, and any living spaces that one roommate uses alone—along two perpendicular walls then multiply the numbers to get your square footage. the room is 120 square feet. You can leave common areas out of it.
Total up the square footage of all the private space in the apartment. 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 the rent by the same amount (or rearrange how much space each roommate has access to).
Note that the fairness of this formula depends on the layout of each apartment and how it is used, if one bedroom happens to be huge, but it’s just a bunch of empty, unused space, another method of splitting rent might be fair.

Splitting by income.
This is best when the parties involved have significantly different incomes. Here the method of splitting is based on how much rent you can afford.
The roommate who pays less can volunteer to take on extra household duties, like taking out the trash or handling maintenance requests to contribute to the apartment in a non-monetary way.

Remember to put your plan to split the rent in writing. To get comfortable and stunning apartments for the right price visit http://www.gbale.com.ng or contact 07083575049