Renting out a room whilst still living in my house.?

Question

I am looking to rent a room out to help me pay a crippling mortgage my ex has left me with. Can I find a template anywhere which can give me guidelines as to the terms and conditions for the lodger. I just know that I will leave out a heap of stuff that I will later regret. Another question would be, what should I charge? (a double bedroom in a semi in dunstable) thanks to any response.

Answer 1

Most office supply stores sell a standard lease that wil help to protect you.

You shopuld sldo mske list of rules, such as how will housework be divided up, how will groceries be handled, noise curfew, overnight guests, anything like that you can think of. Iy's better to lay all that out right up front, as well as your personality type. You dont want to rent to a wild rock n roller if you are in bed at 9 pm every night. Woman are generally betetr tenants, plus it wopuild make ypour ex jealous, and mayb eyou could even get little, hehe

Answer 2

Before renting, get a real lock on your room or where ever you keep your computer, valuables, financial statements etc.
Once you have that, just spell out when the rent is due and consequences of late payments. What the routine cleaning requirements are and when the quiet time is. (like maybe you work a day shift so night parties would be limited)
Rates are so relevant to the area - look at current listings for room rentals in your area for guidance.

Answer 3

Here's a "residential lease" form you could use.

http://www.lectlaw.com/forms/f091.htm