If you are a landlord with a house of multiple occupation (HMO) or a property you feel could be used as a HMO and are considering converting this to increase your income, we can help. Due to our experience and expertise in this area, Dreytons can provide advice and help landlords with the additional regulations needed to rent a property as an HMO.
HMO properties can achieve considerably higher rents but are subject to additional requirements, which are subject to continual change and need to be closely managed by someone with experience. Dreytons can take the risk and hassle out of renting HMO properties by managing the entire property and guaranteeing the rent on a long term contract.
We have years of experience in managing HMO’s. We can provide advice on maximising your income, applying for a license, additional regulatory requirements, guaranteeing the rent, management of the property and minimising your risk.
If you have an HMO property or properties, please contact us today to discuss your requirements.
If you are an estate agent with licensed HMO properties and cannot find sharers or a family, our HMO property management is the solution. We become your outsourced property manager. We fill the rooms in the property with professional tenants, and manage the property on behalf of the Landlord. We are the point of call for all maintenance issues, replacing new tenants, dealing with voids, and evictions.
We have a simple management agreement with you or the Landlord. We collect the rent from the tenants, pay the monthly bills, and deduct our fee of 15%+VAT from the rent, and transfer the balance to you. You can then pay the Landlord and collect your Rent Collection Fee. We work with established, and independent London agents, such as Chestertons, and have found our model to be a great win win solution. Due to our expertise in this area, we would love to speak with you about your HMO properties. Contact us today to discuss your specific requirements.
House in Multiple Occupation (HMO) properties can be rented out by at least 3 tenants who are not from a single family, but share facilities such as the bathroom and kitchen.
Some HMOs require planning and property licensing, especially if they are deemed, a ‘large’ HMO. As part of our service, we can offer you advice on your licensing.
Your property may require planning permission or a property license. We can help you find out whether you need planning permission and how to apply for it.
A landlord without the relevant HMO license can be fined and face repaying up to 12 months’ rent.
HMOs must have a license if the property is occupied by 5 or more people who rent from the same landlord. Licensing helps to make sure that HMOs are safe and run properly.
As a HMO landlord, you have extra legal responsibilities which includes fire and general safety, water supply and drainage, gas and electricity, waste disposal and general upkeep of the HMO.
There is no set rule on how many people can live in your HMO, however overcrowding is not allowed. Your local council can decide how many people are allowed to live in your HMO.
Dreytons lets & manages HMO properties across London and the surrounding areas. We work within most London boroughs and can achieve the best possible rates for landlords:
We have an urgent need for properties in these areas:
Contact us today on 020 8088 0848 for more information. We're always happy to hear from you.