As the sharing economy continues to grow, more and more people are renting out their homes and spare rooms on sites like Airbnb and HomeAway. However, it’s important for both hosts and lodgers to protect themselves legally with a formal agreement.

The NRLA (National Residential Landlords Association) offers a Lodgers Agreement that can be used by both homeowners and lodgers to establish the terms of their living arrangements. This agreement can help ensure that both parties understand their responsibilities and rights, and can help prevent disputes down the line.

Some of the key elements of the NRLA Lodgers Agreement include:

– Rent: The agreement should specify the amount of rent that the lodger will pay, as well as when it’s due and how it should be paid (e.g. by bank transfer or cash).

– Security deposit: It’s common for landlords to require a security deposit from renters, and the same can be true for lodgers. The Lodgers Agreement should specify the amount of the deposit and under what circumstances it will be refunded (e.g. provided there is no damage to the property).

– Term: The agreement should specify the length of the lodger’s stay, whether it’s a fixed-term lease or a rolling agreement that can be terminated by either party with notice.

– Notice period: Speaking of notice, the agreement should specify how much notice a lodger should give before leaving the property, as well as how much notice the homeowner should give if they want the lodger to leave.

– House rules: The agreement should also outline any house rules that the lodger must abide by, such as quiet hours or restrictions on guests.

By using a Lodgers Agreement, homeowners and lodgers can protect themselves and their property, establish clear expectations, and avoid misunderstandings and disputes. The NRLA’s agreement is a helpful resource for anyone looking to rent out a spare room or find affordable accommodation in someone else’s home.