When deciding to rent out your home or property as a holiday let, you must take into consideration any national and local laws or tax regulations which surround holiday lettings. This is intended to be a starting point for your research as we cannot adequately cover all laws and regulations which may apply to each person. Regulations can vary from region to region, and in the UK often regulations in Scotland are different from those in England and Wales. Notably, in London landlords cannot rent out entire homes for more than 90 days a year without official permission. If you believe that any regulations may apply to you then please contact the relevant local authority.
B&B or guest house style rentals are eligible for the rent-a-room scheme which allows landlords to earn £7,500 untaxed income on rentals in their main home each year. This is not applicable for self-contained flats or accommodation that is not in your main home. If your holiday let is available for more than 140 days in the year then it must be registered for Business Rates rather than Council Tax.
Regulations covering holiday lettings differ from those covering long term tenancies, so often landlords do not provide a contract. Although this is not strictly required, it is recommended that you create a contract for your holiday tenants, as this protects both you and the tenant. A contract should state the price, duration, arrival and departure dates, the deposit amount (if one is requested) and a description of the accommodation. A landlord must provide an accurate, complete description of the accommodation, its environment and its furnishings. Again, please research the regulations which apply to your region, property and situation before deciding to rent.
If you want to require a contract from your tenant, you must make them aware of this before they make a booking, whether through direct contact or by including it in your ad.
All owners who let their properties professionally must ensure that comprehensive insurance is effected which specifically covers holiday letting and includes appropriate Public Liability Insurance. As a landlord, review your renters or homeowners policy with your insurance carrier to make sure you have adequate coverage. Ensure you have adequate liability coverage as well as property protection. You may be covered by a standard home insurance policy but it is imperative that you contact your provider to check whether it is covered.
Please note that Roomlala is not in charge of collecting and paying the tourist tax, this is your responsibility as the landlord needs to collect this tax when it needs to be collected, and check your local legislation before posting an ad for accommodation on Roomlala.