1. Becoming a resident landlord
You’re a resident landlord if you let out part of a property which is your only or main home.
If so, you’ll have certain rights and responsibilities:
- you’re responsible for keeping the property safe and in good repair
- a tenant or lodger doesn’t have the right to challenge the agreed rent
- you may be able to earn £7,500 per year tax-free under the Rent a Room Scheme
- you can give less notice to end a letting than if you rented out the property as a whole
Ask potential tenants or lodgers for references and follow them up before signing any agreement. Read the guide about letting rooms in your home for more information.