Hi folks,
I have just taken in a Lodger to boost my income a bit! He's paying £250pcm...
But I have a few questions....
a) Do I need to tell the IR about it - and if so how?
b) Should I make it formal - eg, keep a rent book etc, or is cash in hand ok...
c) Depending on b) what rights does he have in terms of the property, should I ask him to leave?
Yes, I know I should have researched all this first - no wise cracks thank you!
Otherwise, thanks in advance for your advice.
Steve