Landlords and lodgers 'have more in common'
by Christopher Evans
Homeowners letting out rooms to lodgers
may find that they have more in common with their tenants than they would have several decades ago.
Emma Banks, a spokesperson for the insurance firm LV=, said modern living arrangements mean landlords and lodgers are converging in age.
"Back in the 1960s, the majority of lodgers were aged under 25, whereas today, the age spread is broader, with a significant rise in people in the 30s and 40s living as lodgers," she explained.
Her comments come after a report published by LV= found that 210,000 UK homes now have lodgers as more middle-class homeowners in the 30s choose to rent out spare rooms to help with mortgage costs.
Ms Banks advised anyone taking in a lodger to inform their insurance provider, as this presents an added risk to their property.
Doing so will ensure they are covered in the event of any problems, such as theft by the lodger or damage to the home and its contents.
- Landlord and Tenancy News from Lawpack: Solicitor-approved lodger agreement template for getting it in writing when you're renting a room
Published on: September 27, 2010
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