If you`re renting out a room in your house, it`s important to have a formal agreement in place between you and your tenant. This agreement, known as a room only tenancy agreement, outlines the terms and conditions of the tenancy and helps ensure that both you and your tenant are aware of your rights and responsibilities.
If you`re in the UK, one type of room only tenancy agreement commonly used is the NRLA (National Residential Landlords Association) Room Only Tenancy Agreement. In this article, we`ll take a closer look at what the NRLA Room Only Tenancy Agreement is, what it covers, and why you might want to use it.
What is the NRLA Room Only Tenancy Agreement?
The NRLA Room Only Tenancy Agreement is a legally binding agreement between a landlord and a tenant renting a room in a shared house or flat. It`s designed to be used by landlords who are members of the NRLA (formerly known as the National Landlords Association).
The agreement can be used for a fixed-term tenancy (where the tenancy lasts for a set period of time) or a periodic tenancy (where the tenancy runs on a rolling basis, with no set end date). It covers the key details of the tenancy and sets out the rights and obligations of both the landlord and the tenant.
What does the NRLA Room Only Tenancy Agreement cover?
The NRLA Room Only Tenancy Agreement covers a range of important details, including:
– The amount of rent and how it should be paid
– The start and end date of the tenancy (if it`s a fixed-term tenancy)
– The notice period required to end the tenancy
– The responsibilities of the landlord, such as ensuring the property is safe and in good repair
– The responsibilities of the tenant, such as keeping the room clean and paying rent on time
– Any restrictions on what the tenant can do in the property (such as smoking or keeping pets)
– The process for resolving any disputes between the landlord and tenant
Why use the NRLA Room Only Tenancy Agreement?
Using the NRLA Room Only Tenancy Agreement can provide a range of benefits for both landlords and tenants. Some of the key advantages include:
– Clarity: The agreement sets out the terms and conditions of the tenancy in a clear and concise manner, helping to avoid confusion or misunderstandings.
– Legal protection: The agreement is a legally binding document, which can provide protection for both the landlord and the tenant in the event of any disputes or issues.
– Peace of mind: Having a formal agreement in place can give both parties peace of mind, as they know exactly what is expected of them and what they can expect in return.
– NRLA membership: NRLA members can access the agreement for free, which can be a cost-effective way to ensure that the tenancy is properly documented.
Overall, if you`re renting out a room in your house, it`s a good idea to use a formal tenancy agreement such as the NRLA Room Only Tenancy Agreement. This can help ensure that both you and your tenant are protected and aware of your rights and responsibilities, helping to make the tenancy run smoothly and avoid any disputes or issues.