Frequently asked Questions
1 / What is an HMO
An HMO, or House in Multiple Occupation, is a property rented out by at least three people who are not from one household (e.g., a family) but share facilities like the bathroom and kitchen.
2 / Do HMOs require a special license?
Yes, many HMOs require a license from the local council. The requirements for obtaining an HMO license vary but generally include safety standards and property management conditions.
3 / What are the safety requirements for an HMO?
HMOs must meet specific safety standards, including fire safety measures such as smoke alarms and fire doors, adequate facilities for cooking and washing, and proper maintenance of the property to ensure it is safe and habitable.
4 / What are the common challenges of managing an HMO?
Managing an HMO can be complex and time-consuming. Common challenges include higher tenant turnover, maintaining compliance with regulations, handling multiple tenant issues, and ensuring the property is well-maintained.
5 / How does Brighouse Property help HMO landlords?
Brighouse Property offers comprehensive HMO management services, including handling maintenance, ensuring regulatory compliance, managing tenant relations, and providing guaranteed rental income through Rent 2 Rent agreements. We take the stress out of property management so you can enjoy the benefits of your investment.
6 / What is a Rent 2 Rent agreement?
A Rent 2 Rent agreement is a service where a property management company rents your property from you and then sublets it to tenants. This arrangement provides landlords with a guaranteed income, even during void periods, while the management company handles all aspects of property management.