What is a house share agreement?
A property can be rented to multiple Tenants as either on a “room by room” basis or as a collective let known as a House Share.
Can 2 friends rent a house together?
And, as you have found, most lenders won’t allow multiple tenancies where each tenant signs a separate agreement. That doesn’t mean that you can’t let the house to three different people, but it does mean that they should all be named as joint tenants on one tenancy agreement.
Are share houses legal?
In most states, there are three different types of legal agreement that could be used for share accommodation: residential tenancy agreements, boarding/rooming house agreements, or common law contractual licenses. This is the case in NSW, Victoria, Queensland, South Australia, and Tasmania.
Can you have someone live with you without being on the lease?
Yes, someone can live with you without being on the lease. There is no law that bars you from having people live with you. Your children, partner, friends, etc., can love with you in a rented space as an occupant. However, they will not have the same rights as a tenant.
What is the difference between a house share and a HMO?
A house in multiple occupation ( HMO ) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’. You must have a licence if you’re renting out a large HMO in England or Wales.
Can one person have two tenancy agreements?
If you share accommodation and have a joint tenancy. If you have a joint tenancy, you and the other tenants have exactly the same rights. You are all jointly and individually responsible for the terms and conditions of the tenancy agreement. This is called joint and several liability.
How many people can live in a 2 bedroom house?
How many people can live in a two-bedroom house? As a general rule, to determine the occupancy for a house, you can use the 2+1 rule. Each bedroom can hold two people plus one additional occupant. Using this guideline, a two-bedroom house could hold five people.
Can you have your name on 2 tenancy agreements?
If you signed a tenancy agreement with another person (your names are on the same document) then it will be classed as a joint tenancy. They are common amongst students and families as everyone is likely move in and leave at the same time.
How do share houses work?
In share accommodation, the head-tenant and sub-tenant will usually share the same house, with the sub-tenant having their own room and shared access to facilities like bathrooms. Using a Residential Tenancy Agreement is highly recommended.
How do I set up a shared house?
How to start a share house
- Make sure you have all the documents you need.
- Make sure everyone you’re starting a share house with has their paperwork ready, too.
- Write up a great cover letter.
- Have proof that you can pay the rent.
- Have references ready.
- Get a guarantor.
- Co-tenancy or sub-leasing?
