Hello, I'm a first year college student about to move out to Fort Lauderdale, I will be getting a roommate and wanted to know about contracts. I want to be adequately prepared and prevent any financial issues when it comes to renting out the 2nd bedroom. What are the requirements for a document to be considered a contract that is binded by law to be followed through with? I've read that it has to be signed with both parties completely conscious of the contract and signing. Does it have to complicated or can I make it fairly simple?