Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
I’m in the process of setting a small unlicensed HMO up.The house will be shared with no locks on doors so nobody has exclusive rights to one room.The tenants will join the house share at different dates and leave at different dates. Ideally minimum 3 month tenancy.
What would be the best tenancy agreement for this arrangement?
A.Individual agreements,but then run into problems with council tax/Tv licences for 4 rooms(households), but flexible for tenants coming and going.
B. Joint and several agreement but then how how do you add or remove tenants to this as they come and go? Also do I take four deposits or 1 on this agreement?
Also a separate issue is the electrical system.It says on the local council website that in ANY HMO all the electrics must work as designed and no faults,then every five year a Period Inspection Report carried out by a electrician.
Will it need this report now before I start looking for tenants or just in 5 years? Sorry about all the questions folks but any advice will be greatly appreciated.
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