Our Multi Let Properties

For adults faced with house and rental prices that exceed growth of net income, HMO properties offer an affordable independent living alternative at a fraction of the price while adding social benefits. Our target market are working professionals who desire high quality, boutique accommodation. Each of our HMO rooms is oversized above the bare minimum permitted under the regulations. This creates better living  spaces for our occupants and a conducive community appeal that traditional HMO\s can\t achieve.

 

Tenancy Deposits

This will explain where your tenancy deposit is held, what it is used for and how it is repaid to you when your tenancy comes to an end.

Ending A Tenancy

To end a tenancy, it is important that it is ended in the legal framework that is designed for the tenancy and in accordance with the tenancy contract,  this page we explains how a tenancy is ended.........

FAQ's

It is impossible to answer all the questions associated with tenancies and rental properties but we have created a Frequently Asked Question section which may help.

Applying For A Tenancy

If you would like to apply for one of our tenancies, this page will explain all you need to know.........

During The Tenancy

This section will help you understand your tenancy, what the tenancy agreement means and what yours and our responsibilities are.

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Repairs & Maintenance

We explain the process relating to repairs and maintenance issues, the importance of reporting issues to us and what your responsibility is in relation to minor repairs......

Communal living room

When converting an existing property into an “Houses for Multiple Occupation”HMO, many investors have chosen to convert the existing living room into an additional bedroom. That isn’t to say that they don’t provide any communal space at all as they might have a large kitchen in the property that they feel tenants can use instead. On paper this does increase the potential rental return that the property can deliver, however, the other side to this is that you need to attract the tenants in the first place. We have already established young professional adults do value the social aspect of living in an HMO and not having a room for them to relax in may make your property less desirable over another.

Large Double Bedrooms

The larger the bedrooms in our “Houses for Multiple Occupation” HMO the better, in these properties, size really does matter. There are many traditnionla HMO providers who cram in as many rooms as possible which do not  appeal to long-term to professional tenants.  By incorporating larger than average rooms into our HMO conversions, we guarnatee now will leave you in good stead for the future.

Fully furnished rooms

Letting out your HMO with fully furnished rooms can be attractive to tenants who cannot afford to purchase their own furniture. Many of your future tenants will have just left university or are leaving home for the first time and therefore providing everything they need is an appealing proposition. It requires the tenant to make no additional financial outlay and is making their transition to renting and living independently that much easier.

As the landlord, this can be expensive initially, but it is likely you will recuperate this expenditure through higher rental brackets particularly if purchasing quality goods that will last for many years.

Modern en-suites

If it is possible and it does not impact on the bedroom size, then modern en-suites are particularly desirable to professional tenants. With many existing HMOs having only shared bathroom facilities and future purpose built HMOs bound to have en-suites, it is ideal to add them into your conversion plans now rather than later.

Desirable and functional kitchen

Part of your HMO conversion is bound to include installing a modern fitted kitchen, it really is a vital part of the overall package on offer to tenants. From an aesthetic perspective it must enhance the property itself whilst remaining durable and functional for the high usage level. Units and appliances want to be of a good quality and hard wearing. By investing in your  Houses for Multiple Occupation” HMO  kitchen at the point of conversion it will lessen your repair and replacement costs in the future and still be attracting tenants for years to come.

Modern en-suites
Modern en-suites are particularly desirable to professional tenants and all of our Multi Let properties come with high end modern en-suite bathrooms. With many existing HMOs having only shared bathroom facilities and future purpose built HMOs bound to have en-suites, it is ideal to add them into your conversion plans now rather than later.

Desirable yet functional kitchen
Part of your HMO conversion is bound to include installing a modern fitted kitchen, it really is a vital part of the overall package on offer to tenants. From an aesthetic perspective it must enhance the property itself whilst remaining durable and functional for the high usage level. Units and appliances want to be of a good quality and hard wearing. By investing in your HMO kitchen at the point of conversion it will lessen your repair and replacement costs in the future and still be attracting tenants for years to come.

What is a HMO

Your home is a house in multiple occupation (HMO) if both of the following apply:

  • at least 3 tenants live there, forming more than 1 household
  • you share toilet, bathroom or kitchen facilities with other tenants

Your home is a large HMO if both of the following apply:

  • at least 5 tenants live there, forming more than 1 household
  • you share toilet, bathroom or kitchen facilities with other tenants

A household is either a single person or members of the same family who live together. A family includes people who are:

  • married or living together – including people in same-sex relationships
  • relatives or half-relatives, for example grandparents, aunts, uncles, siblings
  • step-parents and step-children
Maintaining Standards

As mentioned in the section above, HMO landlords need to keep on top of health and safety issues in order to remain compliant and avoid the wrath of their local authority. This, of course, is only right and proper.

Key things to keep in mind, should you be managing an HMO, are:

  • Gas safety – annual checks
  • Electrical safety – checks made every five years
  • Fire safety – smoke and carbon monoxide alarms fitted and maintained
  • Rubbish disposal facilities provided
  • Adequate cooking, cleaning, and washing facilities provided and maintained
  • Communal areas to be kept clear and clean
  • Managing overcrowding issues
HMO Licencing

In short, no. Licensing will usually be required when the HMO is deemed to be a Large HMO. According to the Private Renting section of gov.uk, a Large HMO is:

  • A building at least 3 storeys high
  • Housing at least 5 tenants, forming more than 1 household
  • Facilities (bathroom, toilet, or kitchen) are shared with other occupants