Rent a room questions?

Hi all

Apologies if I'm in the wrong area for this post and feel free to move.

Basically I am renting two rooms in my house out at the moment to two students on a digs basis, 200 a week incoming - won't exceed the 10k limit because they wont be there for about 4 months in the year and don't pay when they aren't there.

I am completely confused though about what I have to register or where? I haven't put an agreement in writing, they both have emails specifying what the digs covers and we have discussed any other elements. They both paid 3 weeks rent in advance as a security deposit which will be repaid when they move out given 1 month's notice.

I know that technically they aren't tenants as such so I don't have to register or give them a tenancy agreement and they will be paying by direct debit so no need for a receipt. Do I have to register this anywhere though? And do I have to do something with my tax credits?

Sorry I prob should have checked all this out before I went ahead with the process...

Not being smart but there is lots of relevant info out there already that should clarify matters for you:

http://tinyurl.com/453q7b3

Cheeky - but very good......

ClubMan said:

Not being smart but there is lots of relevant info out there already that should clarify matters for you:

http://tinyurl.com/453q7b3

Click to expand...

Welcome back Clubman

Nearly everything asked on AAM can be found in other info sources via google.

If you dont want to answer the OP (a new member to AAM) then don't feel compelled to reply with this kind of nonsense.

missmarymac said:

Sorry I prob should have checked all this out before I went ahead with the process...

Click to expand...

Does this link clear up your confusion?

http://www.citizensinformation.ie/en/housing/owning_a_home/home_owners/rent_a_room_scheme.html

If not then post back clarifying what remains unclear to you.

Good luck.

missmarymac said:

They will be paying by direct debit so no need for a receipt.

Click to expand...

semantics maybe - but according to the guidelines, IF they request a receipt for payment, you are obliged to provide the same....only if they request this.

missmarymac said:

I am completely confused though about what I have to register or where?

Click to expand...

You don't have to register with anyone - not even the PRTB - as it's not a tenancy. The only additional paperwork is that you are obliged to submit a tax return showing what you have earned for each respective tax year.

=missmarymac said:

200 a week incoming

Click to expand...

That sounds like decent rental for rent-a-room. Obviously, you are well located!


One watchout for you: Insurance. Be sure that you have disclosed this to your current house insurer - and future insurers. Some don't mind. Others will - and it may void your current policy - or future policies.