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The Independent UK
The Independent UK
Katie Rosseinsky

The rise of the friendlord: What really happens when you pay your mate rent

You need a new place to live. Your friend has a room going spare. In theory, it should be a win-win. You know you get on with them, and maybe they’ll charge you less than the (exorbitant) market rate. They could, they say, do with the extra cash. And your new “friendlord” will surely be easier to deal with than some faceless landlord – right?

Against the tumultuous backdrop of the UK’s property market, it is easy to see the appeal of a setup like this. Finding somewhere to rent that is just about affordable – and wasn’t last refurbished in the previous millennium – can feel like an impossible feat, especially in a big city filled with would-be tenants just like you (but with better salaries).

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