We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Subletting room in flat
akorn77
Posts: 208 Forumite
I'm planning to rent a 2 bed flat in central London and then sublet the spare room. I know that I will need the landlords permission to do so.
My question is how prevalent is this in London? Is it common or uncommon?
My question is how prevalent is this in London? Is it common or uncommon?
0
Comments
-
1
-
It is not subletting, it is having a lodger.
Fairly common but not all Landlords will be happy with it. Not that they can do much about it once you are in but they may be reluctant if you declare it up-front.2 -
So its easier not to declare it? If the landlord finds out, they can evict you thoughanselld said:It is not subletting, it is having a lodger.
Fairly common but not all Landlords will be happy with it. Not that they can do much about it once you are in but they may be reluctant if you declare it up-front.0 -
It's extremely common, out of necessity. Be very careful to never talk about sub-letting, tenants,, sub-tenants or tenancy. That's a different type of contract with more rights for the subtenant and more responsibilities for you, the landlord.
There is no honour to be had in not knowing a thing that can be known - Danny Baker2 -
Understood. So is it best to disclose that you intend on taking lodgers? Or don't say anything as most landlords wont mind?zagubov said:It's extremely common, out of necessity. Be very careful to never talk about sub-letting, tenants,, sub-tenants or tenancy. That's a different type of contract with more rights for the subtenant and more responsibilities for you, the landlord.0 -
Not sure; more experienced posters will be along with advice about that, and whether you need to inform your insurers.akorn77 said:
Understood. So is it best to disclose that you intend on taking lodgers? Or don't say anything as most landlords wont mind?zagubov said:It's extremely common, out of necessity. Be very careful to never talk about sub-letting, tenants,, sub-tenants or tenancy. That's a different type of contract with more rights for the subtenant and more responsibilities for you, the landlord.
My advice about talking about tenancies mainly relates to your exchanges with your lodger. Never use terms other than lodger or landlord, otherwise there may be a tax hit, your paperwork becomes mountainous, your duties expand, and if there's a dispute and you want them to leave you better have deep pockets and/or the patience of a saint.There is no honour to be had in not knowing a thing that can be known - Danny Baker0 -
I did this in zone 2 for many years.
Yes you should tell your landlord that you'll be taking a lodger. Some won't be okay with that, but others won't mind if they see you can afford the whole rent yourself.
You'll probably have void periods e.g. August, so you should factor this into the rent you charge. The lodger will pay you a monthly amount that includes all of the bills, so budget for them leaving the heating on.
You'll pay more with this set-up than if you were joint tenants somewhere else. Let's say the rent you pay for the flat is £1500 and bills are £300. Lodger pays you £800 if you're lucky, averaging ten months of the year. You may also have to meet the cost of furnishing the lodger's room.
Lodgers often try to move out at short notice, but you can protect against that in the contract by saying they have to give "one calendar month (e.g. January, February, March), to end at the end of a notice period.". So whether they give notice on 14th or 30th March, they still have to pay till 30th April.
You should take a deposit of 5 weeks rent to protect yourself against damage, theft, or unpaid rent. You don't need to protect this with a deposit scheme, in fact it's impossible to. You'll have to make sure the lodger understands this.
Have a think about your attitude towards guests. I soon realized I couldn't stomach any more drunken Tinder dates unfolding in my lounge. So set ground rules.
How much of an issue this is really depends on how much shared space you've got and how possessive you are of it.
A couple of times I got lucky and had lodgers who paid the full rent, but in fact stayed at their partner's place or went abroad for work for three weeks out of the month!!
Be prepared for the possibility of a weird/fake dynamic between you and the lodger. Since you won't quite be due the respect they'd give to the property owner, but you won't fully be friends either because you'll have power over them.
On the whole I think that these arrangements are unattractive from the perspective of the room-hunter. They may find they get the worst of both worlds. The flat probably won't be as nice as if they were lodging with an owner-occupier. But they may miss the freedom and camaraderie of flatsharing as equals with their peers.
You'll find takers, but the property, price and location had better be good.2 -
Thank you for the extremely informative post, much appreciated. I am generally leaning towards going for a 1 bed for peace of mind, I just want to explore the 2 bed idea to keep my options open. I've lived with flatmates before and it definitely has its challenges! If I take into account any void periods (say maybe 2-3 months per year), then renting a 1 bed will cost me around £3-4k pa more (based on the the types of flats im looking at). Obviously it's not small change, but for less stress and privacy it's not too bad I guess.Poster_586329 said:I did this in zone 2 for many years.
Yes you should tell your landlord that you'll be taking a lodger. Some won't be okay with that, but others won't mind if they see you can afford the whole rent yourself.
You'll probably have void periods e.g. August, so you should factor this into the rent you charge. The lodger will pay you a monthly amount that includes all of the bills, so budget for them leaving the heating on.
You'll pay more with this set-up than if you were joint tenants somewhere else. Let's say the rent you pay for the flat is £1500 and bills are £300. Lodger pays you £800 if you're lucky, averaging ten months of the year. You may also have to meet the cost of furnishing the lodger's room.
Lodgers often try to move out at short notice, but you can protect against that in the contract by saying they have to give "one calendar month (e.g. January, February, March), to end at the end of a notice period.". So whether they give notice on 14th or 30th March, they still have to pay till 30th April.
You should take a deposit of 5 weeks rent to protect yourself against damage, theft, or unpaid rent. You don't need to protect this with a deposit scheme, in fact it's impossible to. You'll have to make sure the lodger understands this.
Have a think about your attitude towards guests. I soon realized I couldn't stomach any more drunken Tinder dates unfolding in my lounge. So set ground rules.
How much of an issue this is really depends on how much shared space you've got and how possessive you are of it.
A couple of times I got lucky and had lodgers who paid the full rent, but in fact stayed at their partner's place or went abroad for work for three weeks out of the month!!
Be prepared for the possibility of a weird/fake dynamic between you and the lodger. Since you won't quite be due the respect they'd give to the property owner, but you won't fully be friends either because you'll have power over them.
On the whole I think that these arrangements are unattractive from the perspective of the room-hunter. They may find they get the worst of both worlds. The flat probably won't be as nice as if they were lodging with an owner-occupier. But they may miss the freedom and camaraderie of flatsharing as equals with their peers.
You'll find takers, but the property, price and location had better be good.1 -
Glad if I've been a help. I wouldn't advise against trying it, I think I just got too old for it.
Early on I enjoyed getting lodgers who were professionals or postgrads around my age or slightly younger, who I'd get on well and socialize with. Latterly I preferred international students and interns just arrived in the country and whose departure date was fixed.
I stopped because of Covid, and also the lingering feeling it had stopped the flat from ever being somewhere I could truly relax and feel at home. Nowadays I enjoy sitting in the lounge listening to an album/4 hour DJ set, undisturbed!
With hindsight the flat where I found myself able to do this, in zone 2 south east London, wasn't in the ideal area (or condition) to find lodgers I'd have preferred. But without a bigger budget or some private connection to a landlord, I doubt I'd have been able to get a property somewhere more popular.
Looking at what's currently on the market, these are well-located:
https://www.rightmove.co.uk/properties/103990580#/
https://www.rightmove.co.uk/properties/103937549#/
https://www.rightmove.co.uk/properties/86418292#/
In convincing the landlord to let to you, you'd be competing with couples or two sharing friends who'd be able to provide two guarantors.
Good luck!1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
