Law Professor Mark Bauer interviewed by The Penny Hoarder on protecting your finances

Getting a roommate? Here are 4 ways to protect your finances

By Tiffany Connors
The Penny Hoarder
Oct. 7, 2019

Excerpt

Putting as much as you can in writing before you move in together will help you both understand the expectations and help preserve the relationship, according to Mark Bauer, a professor at Stetson University College of Law in St. Petersburg, Florida. 

“A lot of people think that having a formal agreement, particularly if the person is a friend, is off-putting,” he said. “But a friendly agreement spelling out responsibilities in advance is something that people who trust each other do.”

And he was later quoted in the article:

“It doesn’t matter that you’ve been faithfully putting in your 50% every month including when the other person didn’t,” Bauer said. “As far as the landlord is concerned, you were jointly liable.”

This article was originally published on The Penny Hoarder website on Oct. 7, 2019, with the headline, “Getting a roommate? Here are 4 ways to protect your finances.”

---

Post date: Nov. 4, 2019

Media contact: Kate Bradshaw
[email protected] | 727-430-1580