How to manage your money well when you are a student in a roommate

Nearly six in ten students say they pay rent, according to theStudent Life Observatory 2020. Excluding collective residences, its average amount is 552 euros per month, but it varies a lot according to the territory, reaching this average of 799 euros for Paris, according to this same survey.

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Among the solutions to spend less: share an apartment with two, three, four or even five people, to share expenses. “Living in a shared apartment allows you to save an average of 20% on your rent compared to renting a studio alone”says William Vieillard, general manager of the Immojeune site, which specializes in student housing. But community life cannot be improvised, especially economically.

Choose your lease wisely

The ideal is to sign an individual lease that links the roommate to the owner, without connection to the other inhabitants of the apartment. This allows you to join an existing shared flat, when a room becomes available, and leave it at will, respecting the notice (one month for a furnished rental).

On the contrary, the signing of a single contract that binds all the tenants to the lessor increases the restrictions. “Roommates need to sync up to sign and terminate the lease. It is possible when it comes to friends enrolled in the same school for example, but it is not ideal”, says Arnaud Hacquart, president of the Imodirect rental platform. Because the single lease also has a major drawback: the co-owners are jointly and severally liable for the payment of the rent.

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In other words, Maxime and Lou are responsible for Inès’ rent if she doesn’t pay her share… “Each roommate presents a guarantor, but the solidarity clause means that the owner can claim from the parents as a deposit of one the unpaid of the other”recalls Mr. Vieillard, who points out that, at Immojeune, 80% of the shared accommodation offered is for individual rental.

Whatever the type of lease, the contract generally establishes a fixed charge of a few tens of euros per month and per person that includes water, electricity and Internet access.

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Please note that it is possible, in the context of a joint tenancy, to benefit from the guarantee visale of the Action Logement group (which allows you to obtain a free guarantee), but also of all the usual housing aid, including the advance crazy step for interns (to finance the security deposit).

take out home insurance

Of course, multi-risk home insurance is still mandatory, even in shared accommodation. In the case of individual lease, each co-owner signs his own contract, which specifies the total area of ​​the property and the number of co-owners.

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