Advice on letting a room
Discussion
Not so sure with the legal side of things but from a tax point of view she may have an obligation to return the rental income for tax purposes.
She can avail of the Rent a Room scheme which she can read about here -
https://www.gov.uk/rent-room-in-your-home/the-rent...
She can avail of the Rent a Room scheme which she can read about here -
https://www.gov.uk/rent-room-in-your-home/the-rent...
OP, I used Spare Room website to find a lodger a few years ago. Plenty of helpful advice on there.
IIRC, at the time, advice was to use a License to Occupy, not a Tenancy Agreement. c.£4k pa was tax-free, so c.£350 pcm for a year, or £700 pcm if the room is rented for only six months.
IIRC, at the time, advice was to use a License to Occupy, not a Tenancy Agreement. c.£4k pa was tax-free, so c.£350 pcm for a year, or £700 pcm if the room is rented for only six months.
avinalarf said:
Need some advice please.
My daughter is letting out a bedroom in her flat to a tenant on a yearly contract.
What are the legal obligations involved for her to observe ?
Also does she have to take out deposit protection in this situation ?
My daughter is living in the flat.
It will be as a lodger/room let. An AST is not the one to use as it will be invalid as the tenant must have sole/exclusive use of the premises ie bathrooms, kitchen other rooms etc (not communal arears of a flat such as entrance halls which is different).My daughter is letting out a bedroom in her flat to a tenant on a yearly contract.
What are the legal obligations involved for her to observe ?
Also does she have to take out deposit protection in this situation ?
My daughter is living in the flat.
A licence to occupy may be the correct way of doing it but I have no experience on that side - just AST's
I'm sure the govt have a room to let info on what needs to be done but I believe it to be very informal.
Advertise it on Spareroom.co.uk, find fitting tenant, take deposit (months rent is normal) download the tenancy agreement from the spareroom site, fill in and sign.
That's about it really. There is no minimum/maximum period, the tenant won't be under an AST so can move out at any time with notice. They have very few rights compared to those under an AST so you could in theory chuck them out without notice of they break any rules etc.
No need to declare anything to HMRC unless she's taking more than £7.5k a year from them
That's about it really. There is no minimum/maximum period, the tenant won't be under an AST so can move out at any time with notice. They have very few rights compared to those under an AST so you could in theory chuck them out without notice of they break any rules etc.
No need to declare anything to HMRC unless she's taking more than £7.5k a year from them
Gassing Station | Business | Top of Page | What's New | My Stuff