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Letting a room- advice needed

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Hi all. I need help because I want to advertise a room which i'm going to let.

 

Can anyone give me advice on rules? general do's and dont's (all barring the common sense ones).

 

I dont know how to approach this or where to even start and i would be willing to pay for help with this.

 

Many thanks

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I know you can earn £4,250 per annum before having to pay tax - see http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4017804

 

The only other advice I can give is make sure it's someone you can trust and get on with, and make sure you agree in advance how things like bills will be split and how much notice you will each give each other to move out.

 

Make sure your insurance covers your property while you have a lodger, too.

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If you presently live on your own, then unless your lodger is a student or member of another exempt group you will need to pay higher Council Tax.

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