A House of Multiple Occupation (HMO) is a property where rooms are rented out individually to un-related people, rather than renting out a dwelling on a single tenancy, such as to a family or couple.
You may have been thinking of becoming a landlord and trying your hand at property management, but some of the recent headlines about the buy-to-let bubble bursting have you thinking twice. But there is no need to worry. Despite the difficulties facing landlords over the last few years, the buy-to-let market seems to be recovering and the future is looking positive.
Whether the tenant has a written agreement or not, a tenancy will have been formed as far as the legal position is concerned, and the default position is the Assured Shorthold Tenancy (AST).
Landlords are mostly quietly optimistic that he will prove to be an ally and perhaps even reverse some of the damaging policies and legislation of the Conservative party that has been introduced over the past 5 years.
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