Family or Sharers To let the house

  • Filter
  • Time
  • Show
Clear All
new posts

  • Family or Sharers To let the house

    Dear all,
    This is my first btl venture.
    One is a single lady, with her two children, one new born and the other child around 4ish, she will be living with her father and as she is not currently employed her father will be the named tenant taking the full responsibility of the rent and will be paying to us every month.

    The other people interested are sharers, 3 gentleman who all work for a transport company.

    I am inclined to go for sharers as they will hardly use the house and keep the house relatively tidy.

    Please guys can you help me which one to go for with ur experierience. thank you

  • #2
    Does you property comply with 'House In Multiple Occupation' standards?


    • #3
      Originally posted by Snorkerz View Post
      Does you property comply with 'House In Multiple Occupation' standards?
      Thank you for your quick respnse.

      I am not sure what that is. How do i obtain that?


      • #4
        A property shared by more than 2 unrelated people is a 'Home in Multiple Occupation'. Some need licensing, some don't, but all need to comply with certain safety standards.

        Telephone your local councils housing department and speak to the HMO officer - they will tell you if you'd need to upgrade the property before letting to your 3 gentlemen.


        • #5
          Personally I would go for the blokes (three wages), The young lady with kids plus Dad could very quickly become young lady and kids only (On LHA)
          I offer no guarantee that anything I say is correct. wysiwyg


          • #6
            I checked with agent and they say I donot need House in Multiple Occupation as it is not a 3 storied building and plus only 3 sharers are living in it.


            • #7
              Typical agent response, as snorkerz said it falls into the HMO definition, but may not require a mandatory licence. Only your relevant council can tell you if it needs a licence.

              A property doesnt need to be 3 storeys to be a HMO, it can be a one storey self contained flat with 3 unrelated occupiers and it would be a HMO.

              Dont suppose the agent is also aware that if he takes the rent into his account and deducts his fee, he effectively becomes the person managing and is also liable under the statutory provisions of the Housing Act.



              • #8
                Sack your agent.

                With 3 unrelated it WILL be a HMO and need to comply with the relevant fire and safety standards. It probably won't require a license - but it still needs to comply.

                Ask the council - they are the ones who prosecute (and prosecute big time) if you don't comply.


                • #9
                  If you decide on 3 'sharers' will they each have ind agreements or all 3 be joint & severally liable, named on single AST? All 3 need to be fully credit & ref checked. Also is employer local, well-respected, laying people off? What min length of tenancy are you considering? Drivers may soumd best bet but they have skills easily transferrable to many employers in many parts of UK.
                  If you decide on father dau infant, consider requiring employed house owning Guarantor as well as deposit. Consider rent protection insurance, do reqd credit ref checks for RPI.


                  • #10
                    He said talk to LA, not agent.

                    Here's a thread from last week where an LL is deep deep down in the smelly doodoo because his agent appears not to have mentioned that it was an HMO.


                    They should ask you for *all* the facts before giving a verdict as it is complex. If it is a very short conversation then you probably need to dig further.

                    Refer Mad Regulators to Arkell vs Pressdram.


                    Latest Activity


                    • Three guarantors = three guarantees of deed or just one?
                      I will have three guarantors as there are three (student) tenants. The agency has sent me a guarantee-of-deed sample, but i'm not sure whether i should send a separate one to all guarantors, or just have one listing all guarantors. What do others on here do?
                      25-07-2017, 10:05 AM
                    • Reply to Three guarantors = three guarantees of deed or just one?
                      How will you know who actually signs? Either do it front of you after copying id or via solicitor
                      25-07-2017, 12:40 PM
                    • Burglary Damage - Who Pays?
                      Our rented flat was broken into, in the process the Yale lock was broken and cost £100 to repair. The landlord is refusing to pay this on the basis we didn’t also lock the door with the mortice lock. We didn’t use the mortice lock as it wasn’t working although the landlord did not know this....
                      25-07-2017, 11:40 AM
                    • Reply to Burglary Damage - Who Pays?
                      It is landlord's responsibility, he may then choose to charge you for it (don't pay).

                      If he refuses to fix it, not a lot you can do, sorry
                      25-07-2017, 12:37 PM
                    • Reply to Burglary Damage - Who Pays?
                      What was stolen?
                      Did you have personal contents Ins?
                      LL is resp for repairing the door, which he may claim from your deposit or give you the bill to pay.
                      Why did you not notify him of broken mortice lock, which gave burglar easier access and may have compromised LL's Ins?
                      25-07-2017, 12:37 PM
                    • Freeholder Scaffolding Over My Flat
                      I have a leasehold studio flat with a garden in London that I rent out to tenants.
                      Recently, the freeholder gave me three days notice that he was extending part of the building my flat is joined to and he would need to put scaffolding on my flat roof and in my garden. I immediately objected saying...
                      24-07-2017, 21:20 PM
                    • Reply to Freeholder Scaffolding Over My Flat
                      I would also have thought this was a case where planning permission was needed, as being flats, the normal permitted development rights, for extensions, would not apply. In that case, you, or rather your tenant, who should have forwarded it to you, should have received a consultation letter from the...
                      25-07-2017, 10:55 AM
                    • Reply to Three guarantors = three guarantees of deed or just one?
                      Each guarantor is guaranteeing their own student's liabilities, so there needs to be three deeds.

                      Remember that each guarantor needs to see the tenancy agreement that they are guaranteeing (or one that is identical in terms) before they sign any deed and you should advise them in writing...
                      25-07-2017, 10:34 AM
                    • Reply to Freeholder Scaffolding Over My Flat
                      I'd suggest that tell the freeholder that your tenants are so badly affected by the work that you will either have to allow them to leave or offer a significant incentive to stay - which might be equal to all of the rent as compensation (if they were to leave). And see how they respond.

                      25-07-2017, 10:30 AM
                    • AST end date 31/07/17 advice needed.
                      Hi, Guys, I have posted a few threads on this forum now and although the section 21 notice is probably invalid I don't want to let the landlord know that yet.
                      I'm after help with writing my landlord a letter. He wants us out on the 31/07/17 and keeps asking me how I intend to leave the keys for...
                      25-07-2017, 09:54 AM