I am seriously considering renting out my finished basement. I would have to install a small bath (gutted when I refi'd), and would have to share the entrance, along with the kitchen at least once in a while (there is already an apt size fridge down there, full bar, micorwave). Not sure where that thought will end up, though.
Look into it. From what little I now understand of the law, since it's not an apartment, uses same entrance(s) as you, and has common, shared areas (kitchen, etc.) You are basically letting someone under your roof, into your home, so most landlord/tenant laws and rules don't apply.
iow, you don't have to accept the first applicant who says, "I'll take it" and hands you a check. You get to choose who you take. It's your home. Look it up online or check w/L. Town & zoning laws? That's another matter. Me, I just have "my cousin from NC staying with me until he gets his own place up here..."
Gardener
"My soul, be satisfied with flowers, With fruit, with weeds even; but gather them In the one garden you may call your own." Cyrano deBergerac
