Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am about to purchase a house which would allow me to rent out 5 rooms separately, with a shared kitchen, bathroom and communal/dining area.
One of the tenants living there would be a close friend.
I am considering one of these two options…
1) Rent out each room separately, give them all separate tenancy agreements, and they each pay me a deposit. Standard HMO.
2) Rent the house to my friend, and allow him to SUBLET the rest of the rooms. So he pays me the full rent, and collects the rent per room from the rest of the tenants.
Would love to hear your thoughts on which of these options you would do and why. Also would I need a HMO licence for both, or would that depend on my local council?
Thanks in advance
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More