Landlords have every interest in taking advantage of the popularity of shared accommodation, provided that the lease contract is secure.
Although there are many applicants for shared accommodation, such as students and young employees, the supply remains lower than the demand. However, many landlords are reluctant to take the plunge because of the multiplication of administrative constraints and the risk of unpaid rent, as well as the possible deterioration of their property.
This is a pity, because co-renting can be an interesting opportunity for them, in particular because solutions exist to secure the operation and reduce the risk of unpaid rent compared to a simple rental.
However, it should be remembered that the co-location does not apply to married or civil union couples and that the tenants must not be related to each other.
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A very useful clause
To guarantee a "quiet" roommate, the owner can opt for a single lease that lists all the tenants and contains a solidarity clause. This clause implies that each roommate is responsible for the totality of the rent, the charges and the possible degradations. If one of the tenants does not fulfill his or her obligations, the others are responsible for the rent. This provision is also applicable if one of the tenants unilaterally terminates the lease, as he/she is not released from this solidarity obligation at the end of his/her notice period.
This solidarity clause is particularly useful when several co-tenants are involved, as the landlord may ask each of them to provide a financial guarantee, such as a deposit.
Finally, it is important to ask each roommate to take out insurance to cover any damages. They can choose to take out a single shared policy or separate policies.
The single lease option
This should reassure landlords who have difficulty finding a single tenant for a large unit that remains vacant, unless they accept a rent reduction. The single lease is the simplest option, but if this is not possible, a lease per roommate is an alternative (provided that the solidarity clause is included), specifying the use of each room and the rules for the use of common areas.
With the help of a professional, landlords no longer have to hesitate to rent in a shared apartment. They have everything to gain by satisfying the demand for housing in the Grand Duchy.
