We have a wide range of useful information for landlords renting out rooms in flatshares or houseshares, including tenancy agreements, their rights and responsibilities and advice and tips on screening tenants.
The Rent a Room Scheme is a UK Government initiative which lets you earn up to a threshold of £4,250 per year tax-free from letting out a furnished room or floor within your home.
When listing a room or property there are a number of guidelines to follow which will help increase the interest you receive from potential housemates
When the tenant signs their tenancy agreement it is standard practice for them to pay a security deposit. A security deposit is a one off payment which is usually (but not always) equivalent to one month’s rent.
Household insurance will not typically cover a rental property. Instead, insurance companies offer a specific Landlord Insurance which designed for rental properties. There is no legal requirement to take out Landlord insurance, but it is strongly recommended.
If you have any questions or need further clarification on renting a room in a house or flatshare, then please contact a legal representative such as the Citizens Advice Bureau.