An HMO is a property rented out to three or more tenants forming more than one household, sharing facilities like bathrooms and kitchens.
An HMO is a property rented out to three or more tenants forming more than one household, sharing facilities like bathrooms and kitchens.
Yes, most HMOs require a license from the local council, especially if the property has five or more tenants. Check your local regulations for specific requirements.
HMOs must meet rigorous safety standards, including fire safety regulations, electrical safety, and adequate facilities for the number of tenants. Regular inspections and maintenance are necessary.
You can find tenants through online rental platforms, local advertisements, and partnering with universities or businesses. It's important to conduct thorough background checks and interviews.
Decide whether utilities are included in the rent or if tenants are responsible for their own bills. Including utilities in the rent can simplify management but ensure to budget accurately to cover costs.
The agreement should cover rent details, the duration of the tenancy, house rules, responsibilities of both parties, and procedures for resolving disputes. It's advisable to have a solicitor review the contract.
Get in your inbox the latest News and Offers from