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A Lodger Agreement is a contract which grants a licence to occupy part of a residential property. The licence gives permission to someone (the lodger or licensee) to rent out a room in the property someone else (the licensor) is living in for an agreed fee.
The inventory, or check in, is a document made up before or just as the tenant moves into their new rental property. It details every part of the property and its condition, including the walls, ceilings, furniture, paint work, appliances, and also records aspects such as meter readings.
No more charges for inventories This might make landlords and letting agents more reluctant to carry one out, if they can't recover their costs from the tenant, but you should push for an inventory to be conducted during the check-in process to reduce the chances of disputes and issues at a later date.
Your deposit has to be protected even if someone else paid it for you, for example your parents or a friend. Your deposit doesn't have to be protected if you're a lodger or a student in halls. It also doesn't have to be protected if you rent privately and have an assured or protected tenancy.
The Lodger Agreement will specify the licence fee (rent) payable by the lodger and how often it should be paid. Note that if the rent will be paid weekly, then the licensor must give the lodger a rent book. The Agreement may also have a rent review clause which specifies when and how rent will be increased.