Legislate's lodger licence agreement provides you with a clear set of rules for your lodger to adhere to, so you don't have to worry about the legalese.
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 lodger licence fee can be paid weekly. A lodger and landlord must give each other reasonable notice to terminate the licence which is usually based on the payment frequency. The impact of paying a lodger licence fee weekly is that the landlord and lodger can give each other 1 or 2 weeks' notice to terminate the agreement.
Lodgers usually occupy a room for a short period of time or on a temporary basis which is why licence payments are often paid weekly.
Legislate's lodger licence agreement allows the payment frequency of the licence fee to be weekly, monthly or upfront. Creating a lodger licence agreement with Legislate offers a great experience to your lodger and centralises your documents for compliance purposes.
A report and review into exciting trends and common difficulties in the rental market 2021.