Houses in Multiple Occupation as the best form of investment

Houses in Multiple Occupation (HMOs) – it is a purely British concept which reflects the processes inherent in British life and British property market.

Of course, in Russia too, you can often see the announcement: “Renting a corner” , or “bed” . That this concept includes and what facilities will be given to the tenant for the money nobody knows is nowhere said and is not regulated by anything.

The British, with their characteristic thoroughness, to regulate this concept, clearly describing what is meant by HMOs

To understand what it is, you have to understand that Britain is a country where private housing has always been expensive.

Therefore, renting a house or apartment to several persons, not related to each other, it was determined that :

Houses in Multiple Occupation – “building for multiple tenants” is a house or apartment where one or more of the premises are “community space” and can be used by more than one tenant equally. The common room can be a bathroom, kitchen, stairway or hallway and a loggia or a plot of land.

Bedroom or so-called “bedsit”, bed – this room is exclusive use, available to only one tenant.

The dwelling, which are used as Houses in Multiple Occupationare subject to licensing. To obtain a license, the premises must meet basic standards. In particular, to have a fire alarm system and other technical means for ensuring safety.

Lease under HMOs without a licence is punishable by a fine of up to 20,000 pounds and the obligation to return the rent to the tenant. According to the research of real estate market in the UK conducted by various companies, – Houses in Multiple Occupation the most profitable way of operating when investing in residential property As in that case as efficiently as possible using residential and auxiliary space. This allows investors and homeowners to derive maximum income.

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