"Flatshare" is a living arrangement where two or more individuals share a rental property, typically an apartment or flat. Each person usually has their own bedroom but shares common areas like the kitchen and living room. This setup is popular among students and young professionals looking to reduce living costs and foster social connections. In a flatshare, residents often split rent and utility bills, making it a budget-friendly option. It can also lead to friendships, as roommates may spend time together and support each other. However, clear communication and mutual respect are essential for a harmonious living environment.