Legislate offers a fully online service for landlords to manage their licence agreements.
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 rolling lodger licence is a lodger agreement with no end-date and which automatically renews at the frequency of licence fee payments. Both the landlord and the lodger can terminate the agreement by serving resonable notice which is usually a multiple of the payment frequency.
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.