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  • Letting a room. Formal contract? And other questions.
  • TheBrick
    Free Member

    Hi anyone let a room here?

    Do you have a formal contract? I’m looking to let a room. Weekly rent payment and was wondering if it was worth doing a formal contract?

    Did you do a credit check with your tenant?

    When people provide references, in what form are they? A phoen number to ring?

    Any other things I should look out for. Been reading the .gov website but would like to know a bit more bout the practicalities.

    mark88
    Full Member

    I rent a room and it’s a very informal arrangement. I paid a couple of weeks rent up front, and hand landlord cash every Friday.

    It works for both of us and there was no need for messing about with credit checks or trying to get reference but I guess a wrong’un in my position could exploit it.

    There are guides on Spare Room which may be of use to you.

    TheBrick
    Free Member

    That is how a imagine things in my head. Informal, friendly. I think it has to be when it is someone you live with rather than a distance house you never see the tenant. I’m jsut a little paranoid maybe!

    towzer
    Full Member

    have a look at spare room

    it will probably impact your house insurance – so check – possibly will not have cover for theft by lodger
    if a full time lodger then it may impact your council tax

    remember the two way cut – yes it is your house BUT they are paying to live there so make sure if you have any rules/regs etc that they are discussed and understood upfront

    get their email and phone no and do a ‘net’ check – google/facebook etc etc etc etc, I’d also take a photocopy of their passport/driving licence etc.

    footflaps
    Full Member

    I used to and got a contract from a solicitor for free (he’d just done my conveyancing and threw in the the template for free). IIRC it was a requirement of the mortgage, but this was 17 years ago….

    TheBrick
    Free Member

    towzer. I was thinking of having an interview / get to know each other thing so we could judge if there was anything obvious about each other that we would hate.

    FunkyDunc
    Free Member

    Tell your insurance, tell your mortgage company, put it on your tax return.

    footflaps
    Full Member

    put it on your tax return.

    £4k a year is tax free under ‘Rent a room’ scheme, so no need to declare it.

Viewing 8 posts - 1 through 8 (of 8 total)

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