Room to rent to "corporate" types?

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  • Room to rent to "corporate" types?

    Hi again. I'm fairly new to being a landlord, and I want to try to rent out my "spare" room to someone who needs lodgings Mon-Fri or perhaps short-term, for work. I have heard this can pay quite well but have no idea how it works and my internet searches have drawn a blank. Any ideas? Many thanks in advance.

  • #2
    All you ned to do is to put an advert in the local paper and see what turns up. Such people are lodgers and have no legal rights to security of tenure. Just interview them carefully to determine whether you are prepared to share your house with them.

    P.P.
    Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

    Comment


    • #3
      A Word of Warning

      Hi,

      When I did this I cam home from work one day and found a complete stranger watching my TV! It turned out that my lodger was subletting to his friends (plural) who worked nights nearby. They would arrive after I had gone to work and kip down in the lodgers room for the day, making sure they were away before I came home from work. This guy watching telly had even put the CH on!

      As I didn't know how many people had keys to my house I changed the locks straight after evicting my lodger and purchased a security lock that you can't get keys cut for. That meant that it cost about £20 to get a new key but I made subsequent lodgers sign for each key and agree to a £25 charge if they lost it. None did.

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      • #4
        The 21st century equivalent of Cox & Box!
        (This will only make sense to afficianados of Gilbert & Sullivan (+Burnand)!

        P.P.
        Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

        Comment


        • #5
          Does anyone know of any agencies which specialise in this sort of thing?

          Thanks for your help.

          Comment

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