Renting rooms in house

inch_high

Hi,

I am moving in with my girlfriend and I want to rent individual rooms in my house to lodgers, rather than rent the whole house out.

I think this would generate more money and also there’s less chance of the property being completely empty for periods between tenants.

Can anyone please point me in the right direction with regards to insurance and other loops I’ll need to jump through?

Thanks
Rob

princeofpounds

If you do not inhabit the house then they cannot be lodgers, they will be tenants.

Can you please clarify, are you renting the house you are moving out of, rather than rooms in the one you are moving to? (You are not actually clear on this point)

inch_high

Thanks for your reply! Sorry, I am going to rent out all the rooms in my existing house that I own, and move in to my girlfriend's house where it will just be me and her.

pmlindyloo

A useful guide:

https://forums.moneysavingexpert.com/discussion/comment/41155280#Comment_41155280

Guest101

inch_high wrote: »

Thanks for your reply! Sorry, I am going to rent out all the rooms in my existing house that I own, and move in to my girlfriend's house where it will just be me and her.

Then they will be tenants and not lodgers.

You will probably have a HMO (unless its only a 2 bed/ two unrelated persons)

You will need to do all the usual landlord things (deposit, gas safety, epc, declare income, get consent to let etc)

BUT you will also be aware that as you will rent rooms, with shared access to shared areas, claiming back for damage to these areas can prove tricky, as tenants will come and go, e.g.

Tenant A stays 2 years,
Tenant B stayes 6 months,
Tenant C replaces B and stayed 1 year

Who damaged what will not get resolved and so forth.

also you will be liable for the council tax. It is an idea to cover the bills in the rent and have tenants pay an all inclusive charge. this will help mitigate disputes when bills are quarterly, and dont match up.

You will also have unfetted access to the shared areas, so you can check up on the place. BUT not to their rooms.

booksurr

Guest101 wrote: »

Then they will be tenants and not lodgers.

You will probably have a HMO (unless its only a 2 bed/ two unrelated persons)

+1 to everything above

check the rules for HMO with your respective council, they may for example, operate a selective licensing system

G_M

Yes.

1) They are tenants not lodgers

2) It may be a HMO - check your council website for their registration criteria and see if you will have to register

3) read
New Landlords (information for new or prospective landlords)

4) For a host of reasons, renting rooms seperartly is more difficult, time-consuming, expensive than renting the whole property to one person/couple/family. But total rent received may be higher.