HMO - Multi Occupation Questions

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Started by ikki, 16-11-2020, 17:04 PM
16 responses
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Last Post Jon66
by Jon66
 
Started by zrux, 21-11-2020, 10:32 AM
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Last Post amy131
by amy131
 
Started by fandango, 13-11-2020, 18:07 PM
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Last Post nukecad
by nukecad
 
Started by amy131, 09-11-2020, 07:41 AM
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Last Post amy131
by amy131
 
Started by Henshaw, 03-11-2020, 17:09 PM
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Last Post Berlingogirl  
Started by amy131, 05-11-2020, 13:22 PM
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Last Post amy131
by amy131
 
Started by stuart123, 03-11-2020, 19:28 PM
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Started by trademark2k6, 04-11-2020, 12:51 PM
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Last Post theartfullodger  
Started by amy131, 21-10-2020, 12:02 PM
23 responses
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Last Post amy131
by amy131
 
Started by otorongo, 28-10-2020, 21:25 PM
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Last Post Stew
by Stew
 
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  • Reply to Buying a tenanted HMO
    by Jon66
    You should also insist on an electrical safety cert, as that will put you on notice as to how much you will need to fork out to remedy it. Could be a lot . . ..
    24-11-2020, 21:25 PM
  • Buying a tenanted HMO
    by ikki
    Hi All,

    Am new to HMO and my offer has been accepted on a HMO licensed property (7 rooms just outside London).

    I originally asked the seller for a vacant property but due to the delays in eviction (according to him due to covid he cannot commit to a date when the property will...
    16-11-2020, 17:04 PM
  • Reply to Buying a tenanted HMO
    by ikki
    Thank you!...
    24-11-2020, 19:47 PM
  • Reply to rental HMO with Bill included
    by amy131
    All of my HMO rooms are bills inclusive and last time I looked on spareroom all rooms in my area were advertised as bills included. While renting myself in HMOs over several years only once were bills not included and that house was damp as residents didn't have heating on much to lower bills....
    23-11-2020, 12:29 PM
  • rental HMO with Bill included
    by zrux
    Planning to rent a student HMO with Bills included options. I never done this before with a bill included option but most of the students seems to prefer this.
    I use the standard NRLA template for AST for whole property.

    Question is - All bills included AST option should have a fair...
    21-11-2020, 10:32 AM
  • Reply to rental HMO with Bill included
    by Berlingogirl
    I put a coin operated tumble dryer in a HMO but it was hardly used - clothes on the rads dried for free!...
    23-11-2020, 11:32 AM
  • Reply to rental HMO with Bill included
    by K-21
    A couple more points:
    1. The norm for student lets (certainly here in Norwich) is "joint and several" as they view in pre-organised groups of anything from 2 to 8. These are groups that have formed in their first year in halls. If you are lucky and they are a cohesive group, they will...
    22-11-2020, 09:48 AM
  • Reply to rental HMO with Bill included
    by andybenw
    If you do bills inclusive you will inevitably end up renting 'room only'. This is more time consuming than a normal joint and several let as you will be responsible for the communal areas and should really employ a cleaner and visit frequently. So think about that before proceeding. Also think about...
    21-11-2020, 21:17 PM
  • Reply to rental HMO with Bill included
    by DPT57
    I agree with you that student tenants prefer bills included rents and despite the obvious issues, I think this is probably what you should do. If you want a fair usage policy then you need to first find the average usage for household of however many adults. Your utility providers may be able to help....
    21-11-2020, 15:28 PM
  • Reply to rental HMO with Bill included
    by K-21
    I am in the same position.
    Norwich now has a glut and one needs to do the necessary in order to secure Tenants.
    For donkeys years "exclusive" was the norm. Now it's shifting and thus in some cases I offer "inclusive".
    I use the Clause below and £50-£60 pppm always...
    21-11-2020, 12:26 PM
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