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Could you do with some extra household income? Why not use your home to earn you extra cash, by renting out a room to a lodger?
The good news is that your home can make you extra money. The better news is that currently more than £4,000 of this is tax free. And the best news is that renting a room to a lodger is easy.
The time sharing your home with your lodger should be a pleasure. And it will always be, as long as you follow some basic rules. This Quick Guide to Taking in a Lodger provides you with all the advice and tips on how to make a success of taking in a lodger, so it's a straightforward, stress-free process from start to finish. Specialist lettings solicitor Tessa Shepperson shares her knowledge and experience, both as a solicitor and a landlord. She provides a complete picture of what taking in a lodger entails, from legal and non-legal viewpoints.
This guide will answer your questions on:
Includes template lodger application form, and letters for a range of lodger-related purposes.Tessa Shepperson BA LLB is a specialist lettings solicitor, author and lecturer, well known as an expert in her field.
Valid in England and Wales.
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