Discover the Steps to Making a Property into an HMO
An HMO is a house of multiple occupation, which means it’s a property that has at least three tenants or more all in the same house but not part of the same family. A lot of property owners prefer HMOs because they believe it’s a more efficient way of getting the rental value out of a property. Renters will sometimes prefer this type of rental because it’s cheaper and others may like it because they enjoy being around other people.
What’s the Appeal?
Students and young renters like being able to share and landlords like it because the tenants stay longer and the property owner sees it as a dependable option. There are several steps to making a property a suitable HMO. It’ll need to meet all the legal requirements so that it’s suitable for multiple people. In most situations, it will require getting an HMO license. It’s always advisable …
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