There are many things to consider when signing a fixed-term lodger agreement, if you're a landlord or a lodger.
A lodger licence agreement allows a live-in landlord to rent a room in their main home to a lodger. A lodger is an excluded occupier which means that they do not have exclusive possession of their room. As a result, a lodger is not a tenant and has less rights than under an assured shorthold tenancy as they are living in the landlord's main home.
A fixed term lodger licence allows a live-in landlord to take on a lodger for a fixed period of time which can be as short as 1 night to as long as a couple of months. A fixed term can be renewed if the landlord or lodger agree to.
A letting agent is a person or company who can help a landlord let out their property. A letting agent usually helps match tenants with properties and manages the relationship with the tenant on the landlord's behalf.
Whilst letting agents usually manage properties of live-out landlords, they can offer lodger sourcing services to live-in landlords. This can help landlords save time both in finding lodgers and conducting reference checks.
Legislate's lodger licence agreement can be created by agents on behalf of the landlord. A letting agent can also sign on behalf of the landlord if they have their permission.
A report and review into exciting trends and common difficulties in the rental market 2021.