In the UK, it is still popular for homeowners to rent out spare rooms in their homes. As a resident landlord, you are responsible for maintaining the entire property and keeping it in good condition. You can earn up to £4,250 per year tax-free from renting a room. There are two types of lodgers - excluded occupiers share common spaces and can be asked to leave with notice, while separate lodgers require an eviction through courts if they do not pay rent. The tenancy agreement should outline the rent amount, names, addresses, and letting period, which can be monthly or for a fixed term.

1. Let a Room Tenancy Agreement-Post Property for
Rent-Rent a Spare Room - List Your Property for
Rent
Each country is different when it comes to landlords and available places to rent. In the
United States there may not be a lot of rooms for rent. In fact most landlords rent homes,
duplexes, or apartments versus offering a single room inside of their home. Occasionally
university towns may have rooms to rent, but most often it is a boarding house style with
other university students.
In the UK it is still very popular to have rooms to let. In the event, you are only letting a room
and not an entire structure you will need a different type of tenancy agreement.
Resident Landlord Agreement
You are going to become a resident landlord if you live in the home and provide rooms to let.
There are specific rights and responsibilities to follow which differ from those in a standalone
tenancy.
You are responsible for the entire property including any repairs needed. You have to keep it
in good condition and safe. The lodger cannot challenge the rent you charge once the lodger
tenancy agreement is signed. The UK government allows you to earn £4,250 per year with a
rent a room scheme. If you charge over this amount for the year it will be subject to taxes.
The agreement you have between you and the lodger will need to outline the basics
including rent, name, address and all standard tenancy agreement information.
However, there are also different types of lodgers in a let a room scheme. An excluded
occupier means they live in your home but share a kitchen, living room, or bathroom with
your family. Under this type of agreement you have to give end of letting notice, but can ask
them to leave after the notice is given. There is no need to evict them through the court
process should they not pay rent or you have other issues.

2. A lodger is an occupier if they live in your home, but their living space is separate from your
family. In this instance you do have to use court proceedings to evict them in proper rental
payments are not made.
The Length of the Let
You set the period of letting terms, which can be periodic meaning a month to month rent
without a specific period in mind. You also have a fixed term, which can be weeks, months or
years.
The above are just some beginning pieces of information you need to be a resident landlord.