Due to the diminishing economy and financial crisis, a
number of people have opted to rent out rooms in their houses so as to
earn extra income. Unfortunately, in the chase for more money, a number
of people overlook vital aspects while leasing out rooms to strangers,
inviting trouble that was unplanned for damaging the house as well as the
finances. It is therefore advisable that you verify all the
necessary personal details of the tenant to be before making an
agreement, which is legally recognized in a Room Rental agreement Form.
Do not make any verbal agreements as these are not recognized by the law
and you might be forced to incur loses in case of any disputes with your
tenant or with the law itself. Room rental agreements are different
from the residential agreements. You can download the forms from the
internet or get one written down by a professional. Details on
the residence should be at the beginning of the Room rental agreement
form as well as the date when the room should begin being rented out and
the names of the landlord and tenant in full. These details should then
be followed by the amount of rent and if necessary room specifications as
well as any furnishings that it may possess. All the door locks that have
been made available, together with the keys should also be mentioned.
Specifications must be made on how the tenant should pay for the
utilities, separately or as part of the rent. It should also affirm the
number of occupants who will be occupying the room and if utilities such
as toilets and kitchens are to be shared. The security deposit and
reimbursement conditions should also be stated. The agreement form has to
be signed accordingly by both parties and in the presence of
witnesses.