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rental investment in shared accommodation

Description of the blog

Joint tenancy means the rental of accommodation by several roommates, who make it their main residence. To make life easier for owners, standard contract models have been drawn up (these free models are freely available on the internet). The obligations of the lessor do not differ radically from those of a standard rental agreement. The price of the rent, the duration of the contract and the occupancy conditions must be fixed as soon as the lease is drawn up.

For the owner-lessor, there are 2 choices for putting his property on the market: renting in shared accommodation to a supportive group of tenants or renting separately to each of them. The adopted solution will condition the lease and standard rental contracts.

The first type of lease that a landlord can choose is the independent lease. He then chooses to rent in colocation with multiple leases, which will allow each tenant to have his own rental lease. The duration of the lease and the rent of each may differ. A lease also defines the rooms which a tenant has the enjoyment of and his access to the main room. A tenant can thus give his leave independently of the others, without this having an impact on the other housing leases. In this system, each tenant is responsible for his share of the rent, but the solidarity clause, which we will see later, does not apply for this type of lease. In the event of non-payment, the tenant's deposit can only be requested up to the amount of this share.

The second type of lease works with the single colocation contract: all the roommates are listed and are signatories. The bond of one or more people can be requested, but this type of lease differs, because it will bind the roommates by a type of contract including a solidarity clause. Tenants all have the same rights and duties and all have full access to housing.

In addition, the shared apartment has a great advantage to renew its tenants: it fills itself. Why ? Because tenants, especially in the event of a joint and several clause, have every interest in finding a partner to jointly bear the costs of the accommodation. However, the owner reserves the right to check the solvency conditions of the new entrant.

In a furnished apartment, it must be adapted to the requirements of the collocation. It will be necessary to ensure the good understanding of tenants by providing sufficient equipment, in particular at the level of the fridges and the freezer. A lack or poor distribution of equipment is in fact a source of disagreements which can lead to turnover. Then, do not hesitate to invest in the comfort of tenants: washing machine and dryer to avoid the detour to the laundromat, coffee machine, kettle, kitchen utensils ...

Namely: homeowners who dread student "fiestas" invest in sound ceilings: a guarantee of peace with neighbors.

  Before signing a joint lease, any new arrival must be accepted by each of the tenants in place. In addition, a rental file must include a surety bond and an insurance certificate, to cover the accommodation in the event of water damage, for example. A change of tenant can also lead to the termination of the lease, the owner having the right to demand it if he does not want to agree on an amendment to the current contract. He can also add a termination clause to the contract, which sets the conditions under which the lease automatically terminates, regardless of the lease model chosen. A lease can be terminated in the event of non-compliance with the condominium regulations, for example.

For the elderly, shared accommodation can also be summed up in the principle of "accommodation against service", to get help in their daily tasks: cooking, mowing the lawn, carrying groceries ... Almost 53% of people looking for accommodation are declare that they are ready to opt for this intergenerational rental method.

 Shared accommodation is a new win-win market, which allows any student in Paris or in any large city to afford spaces that they could not otherwise afford. A current niche in the real estate rental market that offers hope for the best current returns.

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