Once Majesty Palms go into serious decline, it's usually too late, and I do believe that that is the case here.
They do NOT have the reputation for being easy houseplants as you may know. I would not be too quick to blame your roommate though. Looking at your picture, your pot looks rather large for the pot and the soil looks heavy/moisture retentive. These plants would prefer a loose/well-draining soil that is kept moist. So a smaller container with a lighter mix (added perlite, orchid bark, etc.) is their preference. These palms are different from most other palms, their soils should not dry out, ever, but they also need a loose soil, a bit of a contradiction. They are water lovers, in fact, in their native environment, they grow alongside rivers with occasional inundations.