With the introduction of Selective Licensing across many cities and towns in the UK, dealing with anti-social behaviour in your properties is more important now than it ever has been! This guide will show you how to handle tenants who are being antisocial and how to mediate effectively if you own an HMO in Leicester where your tenants are falling out with each other. Just complete the form below and your guide will be emailed to you immediately!
Understanding the HMO laws in the UK can be a minefield, especially as the so-far four-year onslaught against the private rented sector continues and back in October 2018, landlords in Leicester were unsurprised to hear that even more HMO regulation was being thrown their way which resulted in many landlords finding themselves owning HMOs where they previously wouldn't have been. This article recaps those changes and offers a FREE HMO Factsheet to ensure you're doing at least the bare minimum to remain legally compliant but the factsheet is in no way exhaustive and further action should be taken to minimise [...]
HMOs are still a buzzword in the private rented sector today and are very lucrative meaning they occupy a part of the market that's increasingly attractive to landlords with figures suggesting the average rental yield for a HMO is 9.7%, much higher than the 5.6% average yield in the single unit market. Operating an HMO can provide excellent rewards but carries with it a lot of risks if things don't go right, including penalties of up to £20'000 for not having the correct license or custodial prison terms for failing to undertake your obligations under Health & Safety. If you [...]