House Hacking Question

[Lily Sellers]

Hi everyone! First-time poster, long-time lurker here with a question :)

My SO and I bought our first home at the beginning of 2020 and quickly moved with a few friends. At the end of 2021, our friends moved out and we began doing cosmetic updates on our spare bedrooms to get them rent-ready for future roommates. We are now at the stage where we're moving in a new roommate by the end of this week. Based on our past experience with renting out rooms in our home, we'd like to cover our bases and have this new roommate sign some sort of lease agreement. Is this done often? Do I use a standard lease agreement or is there a modified lease agreement out there for house hacking situations like this? 

I'd love some suggestions and to hear what everyone else does when renting out rooms! Thanks in advance!