Many landlords and property developers consider HMO's as a better financial investment that has a higher rental yield, especially in Bristol.
A HMO (A House in Multiple Occupation) is a property that is rented by three or more tenants that are not part of the same household/family
One important legal aspect of a HMO is a licence which can be obtained by the local authority, for more advice please contact your local authority either Bristol City Council or South Gloucestershire Council (if your property is in Bristol)
You have a responsibility for the safety of your tenants by means of:
How can you achieve the above?:
What are communal areas? These areas are areas that are shared with all the tenants such as living room, hallways and kitchen.
Kitchens are usually equipped with an electric oven and a gas hob , in the event of power failure the tenants are still able to cook and eat. Enough socket outlets should be installed to supply the various appliances in the kitchen with out the use of trailing leads.
Sufficient power and lighting should be supplied per bedroom
There are electrical requirements for bathrooms whether its en-suits or a communal.
Things to consider:
If you're still in doubt, contact a qualified electrician for advice.
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