HMO demand and the future?
2 years ago | 20 comments
Student HMOs VS Professional HMOs?
12:01 AM, 24th April 2024, 2 years ago
11
Hi, hope all is well. I have purchased an HMO that was let to students and I have continued renting to students so far. The property is licensed for this purpose, although the license doesn’t specify that it must always be rented to students.
I would like to know if I can let it to professionals. Additionally, I’m curious is there any specific requirements that I need to meet? And will I lose some advantages that my HMO has by shifting away from student rentals? i.e the licence can lose its validity?
Any advice would be greatly appreciated ,
Maya
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Member Since October 2020 - Comments: 199
2:39 PM, 24th April 2024, About 2 years ago
Renters reform bill amendments include the right to end student tenancies. And we don’t know yet what Labour government might want to do on tenants rights. A HMO for non-students could become a nightmare if you can’t get rid of one undesirable tenant blighting the lives and inclining others to keep vacating. I’d suggest stick with students at least another year to wait and see what the regulatory environment looks like after that.