Rent a room?

Recession is a 9 letter word, Entreprenuer is 12
Recession is a 9 letter word, Entreprenuer is 12
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37 Posts
14 years ago

I intend to rent my property to friends. I am loathe to set up AST's and wondered whether under the 'rent a room scheme' I need to enter in to seperate AST's or is it o.k to proceed on verbal agreements?

I know this sounds risky, but I am not one for unneccessary paperwork. I would of course do an minimal inventory and schedule of condition before they moved in, but didn't think a full 6 month AST would be required.

Any thoughts?

thank you

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