Is it flat for the first time? It is important to know the difference between tenants and roommates and how the law applies to you. When you`re renting for the first time, make sure you make a deal that works for you. Find out what else you need to know as a new tenant. Tenant & Coloc What is the difference between a tenant and a roommate? When will the rental right not apply to me? How can roommates and tenants better protect themselves? What should a written flatting contract include? What is a colo contract? A roommate agreement is a contract concluded exclusively between members who live in the same rental unit and which contain two or more people. Don`t confuse a colocation contract with a lease, as one contract is only between tenants and the other a contract between a lessor and a tenant.