Nope they are a guest.That is a licensee
Nope they are a guest.That is a licensee
As the property owner you have no relationship with your tenants guests.ask to become tenants after 6 months
Risk is no different.handing a significant risk and cost free rental business to the sole tenant.
Indeed. The market sets the rate.The sole tenant is able to able to set room rent fees at whatever they like as they are not subject to rent caps or RTB rules.
And the problem is?In the 4 bed example, they could have 36k of rental income, which easily covers the full rent to their landord.
Tenants tax affairs are not your concern.Most likely they dont declare this rental income under Rent A Room
Fair enough.nervous of it due to my previous experience
That's not my point. It is that you are giving the tenant a risk free opportunity to make money for them, not you the owner, that ultimately bears the risk, for no additional reward.Risk is no different
I still don't see how what you do adds any value to youIndeed. The market sets the rate
You always seem defensive. My position is why would you give someone the opportunity to make this income off your asset, and to labour the point, risk free (for them)And the problem is?
That's true, but not my point. You are potentially giving them an income which may or not be declared, while you are exposed to all costs and upkeep associated with the property. The sole tenant must be delighted to have such a generous landlord.Tenants tax affairs are not your concern
That's ok, you do you!still don't see how what you do adds any value to you
An acquaintance lives 150km away but works near you and you give them the spare bedroom for €25 a night as and when needed. They keep a change of clothes and a toothbrush in your house. They have a set of keys but always inform you when they are coming.There is a legal definition of licensee and a guest is not a licensee.
Does this prohibit a sub-let by a tenant while they are still in the dwelling?but I see no benefit in allowing a tenant to sub-let
Maybe @DannyBoyD can answer this.Does this prohibit a sub-let by a tenant while they are still in the dwelling?
That's the same as a licencee.A guest is there with your permission only. As soon as you ask them to leave they must do so.
Nope. Not in a private home.having to pay to stay (with consent) changes the whole equation
The brevity of your replies does not help . Clearly you have advice or knowledge that gives you that certainty...care to explain so others can understand how your 'guest' in a private home is not actually a 'licencee' in a private home.Nope. Not in a private home.
What would have to change in the above scenario for them to be classified as a licensee?They are a guest.
If they are paying rent to the main tenant, they are https://threshold.ie/threshold-launches-licensee-report-highlighting-invisible-renters-with-minimal-rights (licensees) of that main tenant.Nope they are a guest.
Wow really! Thanks for that.1. Its a report, not legislation