FLATMATE COST-SHARING AGREEMENT
- 1. PURPOSE AND UNDERLYING OCCUPATION
Flatmate 1: Aarav Sharma. Flatmate 2: Rohan Verma. Shared home: Flat 302, Sector 79, SAS Nagar, Punjab.
Agreement date: 2 April 2026. Cost-sharing period: 1 April 2026 to 2 April 2026.
Underlying occupation: Both flatmates are separately authorised occupants under the owner/host arrangement. Authority document: Joint Tenancy Agreement dated 01 April 2026.
- 2. MONTHLY HOUSING COST
Total monthly housing cost: ₹30,000 (Rupees Thirty Thousand only). Flatmate 1 share: ₹15,000 (Rupees Fifteen Thousand only). Flatmate 2 share: ₹15,000 (Rupees Fifteen Thousand only).
Payment route: Each flatmate pays owner/host directly if permitted.
- 3. UTILITIES AND HOUSEHOLD EXPENSES
Electricity: Equally between flatmates.
Internet: Equally.
Groceries: Only jointly approved shared groceries are split equally. Cleaning: Cleaning service cost split equally.
Household purchases: Both must approve before cost is shared.
- 4. DEPOSIT, DAMAGE AND GUEST COSTS
Deposit treatment: Each flatmate has the stated contribution and receives only that share after owner settlement. Flatmate 1 contribution: ₹30,000 (Rupees Thirty Thousand only). Flatmate 2 contribution: ₹30,000 (Rupees Thirty Thousand only).
Damage: Person causing damage bears the reasonable resulting cost. Guest-related cost: Inviting flatmate bears guest-specific extra costs/damage. Late payment: Late payer reimburses any actual bank/owner charge caused by the delay.
- 5. EARLY EXIT AND REPLACEMENT
Early move-out: Leaving flatmate remains responsible only for the internal share stated until replacement/notice date below. Internal notice: 30 days. Replacement: Replacement requires owner/host approval where the underlying occupation requires it and both current flatmates must agree.
- 6. NO PROPERTY INTEREST
This agreement only allocates costs between flatmates and creates no tenancy, licence, subletting or property interest. This agreement does not bind the owner/host, does not confer exclusive possession, and does not create rent-act protection or a right to sublet.
Disputes: Written reconciliation first, followed by a joint meeting before legal action. Special cost terms: Parking fee paid entirely by flatmate one.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to administer internal household cost sharing between authorised flatmates, administer the accommodation arrangement, communicate about safety and payments, complete owner-side paying-guest/police verification obligations, and retain an evidentiary record.
The record-holder may disclose only the information reasonably needed to the host/owner, authorised accommodation manager, police or public authority for the stated verification purpose, payment provider, emergency contact, or service provider directly involved in administering the accommodation.