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Landlords let out their properties to strangers – that’s part of the deal – but renting out a spare room is a bit different. After all, unlike a separate property that you have invested in purely for the purpose of making money and have never lived in, a spare room is part of your home. But plenty of people let out
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their spare rooms as and when they want to make some spare money, something that is facilitated by room rental website Airbnb. Unfortunately, some of the people letting rooms out are already tenants.
Sub-Letting Nightmare
This is exactly what happened to landlords in Wiltshire. They discovered rather belatedly that their tenants had sublet a rented apartment in London to a group of teenagers looking for a party venue on New Years Eve, but because the teens were able to show that they had made a valid booking through Airbnb, police were unable to evict them.
There have been tales of upmarket flats turned into temporary brothels and tenants in social housing making money on the side subletting to wealthy foreign visitors. But if people living in central London boroughs can make around £155 per night sub-letting to tourists, it’s not difficult to see why a website like Airbnb is so popular.
Check the Small Print
It is important to remember that if you are letting out a spare room you need to inform your mortgage company.
