[ˈrɛzɪdənt ˈlænlɔːd]
A Resident Landlord rents out a part of their primary residence to someone while they still live there. They may be required to submit a Self Assessment.
A Resident Landlord is an individual who rents out a part of their primary residence to a tenant while they themselves are still living in the property.
These individuals have legal responsibilities about providing a safe and habitable space to the tenant. They must also follow the proper eviction processes if that becomes necessary.
Through the Rent a room scheme, Resident Landlords can receive up to £7500 per year tax-free from their rental income. If their rental income is above this figure, they will need to submit a Self Assessment.
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