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blahblah06 · 03-05-2006, 10:34

Hi guys. could do with your help. I was recently thinking of renting out two of my rooms in th ehosue and sharing with other people. But I am new to this and any help would be appreciated. Do I need to draw up a contract and anything in particular I should know

thanks

**smccarrick** · 03-05-2006, 16:06

As they are private rooms in your own residence, you will not have to register as a landlord.

Re: renting out two rooms- you should ensure that you do not earn more than 7620 (or you will have to pay tax on the whole lot, not just the amount over the 7620).

Your room renters would be living under a "Licensee Agreement" not a tenancy agreement and are really only entitled to "reasonable notice" if you choose to ask them to leave.

A set of rules between you and your housemates might include:

- How long they intend to stay
- Period of notices by both parties if they (or you) wish to leave
- How much the rent is, and when this would be reviewed
- When the rent is paid and by what manner
- Situation with visitors/guests
- Any restrictions that you may wish to include (e.g. relating to tidiness/hygiene/cleaning/noise etc)

blahblah06 · 03-05-2006, 16:54

So is it just a word of mouth thing or would it have to be wrote down ?

**smccarrick** · 03-05-2006, 17:14

Put it into writing, it saves on misunderstandings (deliberate or otherwise) at a later date. Everyone will know where they stand.

03-05-2006, 10:34	#1
blahblah06 Registered User Join Date: Jul 2005 Location: North County Dublin Posts: 3,901 Adverts \| Friends	Thinking of renting some rooms Hi guys. could do with your help. I was recently thinking of renting out two of my rooms in th ehosue and sharing with other people. But I am new to this and any help would be appreciated. Do I need to draw up a contract and anything in particular I should know thanks

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03-05-2006, 16:06	#2
smccarrick Moderator Join Date: May 2002 Location: In a little village, I'm not telling you where.... Posts: 15,166 Adverts \| Friends Mod: Accommodation & Property, Adoption	As they are private rooms in your own residence, you will not have to register as a landlord. Re: renting out two rooms- you should ensure that you do not earn more than 7620 (or you will have to pay tax on the whole lot, not just the amount over the 7620). Your room renters would be living under a "Licensee Agreement" not a tenancy agreement and are really only entitled to "reasonable notice" if you choose to ask them to leave. A set of rules between you and your housemates might include: - How long they intend to stay - Period of notices by both parties if they (or you) wish to leave - How much the rent is, and when this would be reviewed - When the rent is paid and by what manner - Situation with visitors/guests - Any restrictions that you may wish to include (e.g. relating to tidiness/hygiene/cleaning/noise etc)

03-05-2006, 16:54	#3
blahblah06 Registered User Join Date: Jul 2005 Location: North County Dublin Posts: 3,901 Adverts \| Friends	So is it just a word of mouth thing or would it have to be wrote down ?

03-05-2006, 17:14	#4
smccarrick Moderator Join Date: May 2002 Location: In a little village, I'm not telling you where.... Posts: 15,166 Adverts \| Friends Mod: Accommodation & Property, Adoption	Put it into writing, it saves on misunderstandings (deliberate or otherwise) at a later date. Everyone will know where they stand.