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What to charge sharers?

Started by Coco1234, August 04, 2016, 04:57:47 PM

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Coco1234

We have a happy household of 3 girls renting our flat.  They are all now past their 6 month contract and onto the rolling one.  All going well  - good communication etc.  We think we are charging a very reasonable rent as its not a swanky shiny pad - more homely and cared for.  So number one tenant - who is lovely - wants her boyfriend  -  who is also lovely - to move in for a year before they go to find work experience abroad when their current work contracts finish.  He's moving from the north of England.   We will do all the usual references and deposit schemes and AST paper work  - we have read the blogs!! The other girls are happy with the arrangement as their bills will be split into 4.

However can anyone tell me what the acceptable rental package would be for two sharing?  Is one and a half times the monthly rate for a singleton, for a room being shared too much or too little? 

Should I give the girlfriend a new AST with amended rent info? What happens if one of them moves out early -we might be left with significantly less rent.
could I put in a clause that if one of them leaves then the others rent reverts to the single occupancy rate?

If I give the girlfriend a new AST agreement with revised rent do I  also have to alter the deposit in the My deposits scheme or can this just sit and I take another one from the boyfriend for the relevant amount?

While we are happy for this couple to go down this route for a short period the flat is not really large enough for all the tenants to move in their partners and therefore reduce their rents too.  Without wanting to jump the gun so to speak, what is the 'polite' way to let the girls know that this is a 'one off' arrangement and the offer is not open to everyone?

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#1
Quote from: Coco1234 on August 04, 2016, 04:57:47 PM
We have a happy household of 3 girls renting our flat.  They are all now past their 6 month contract and onto the rolling one.  All going well  - good communication etc.  We think we are charging a very reasonable rent as its not a swanky shiny pad - more homely and cared for.  So number one tenant - who is lovely - wants her boyfriend  -  who is also lovely - to move in for a year before they go to find work experience abroad when their current work contracts finish.  He's moving from the north of England.   We will do all the usual references and deposit schemes and AST paper work  - we have read the blogs!! The other girls are happy with the arrangement as their bills will be split into 4.

However can anyone tell me what the acceptable rental package would be for two sharing?  Is one and a half times the monthly rate for a singleton, for a room being shared too much or too little? 

Should I give the girlfriend a new AST with amended rent info? What happens if one of them moves out early -we might be left with significantly less rent.
could I put in a clause that if one of them leaves then the others rent reverts to the single occupancy rate?

If I give the girlfriend a new AST agreement with revised rent do I  also have to alter the deposit in the My deposits scheme or can this just sit and I take another one from the boyfriend for the relevant amount?

While we are happy for this couple to go down this route for a short period the flat is not really large enough for all the tenants to move in their partners and therefore reduce their rents too.  Without wanting to jump the gun so to speak, what is the 'polite' way to let the girls know that this is a 'one off' arrangement and the offer is not open to everyone?

I am the director of a room rental agency and come across this on a daily basis.  If you are happy with the rent you are receiving this is fine, we would charge an extra £50.00 for the extra person per month and definitely would make them sign a new agreement for 6 months.  Leave the deposit where it is and ensure the deposit amount is on the AST.  The extra charge allows for extra wear and tear on the property without being an extreme amount to increase.  If you explain it this way to the tenants most would agree.