Are you looking for a reputable letting agent for HMO management in Nottingham?
The team at Benwell Daykin Estate Agents have over 50 years combined experience working within lettings. From studio flats to family houses and student HMOs, we have managed all types of properties across the county.
Looking for a lettings valuation? We can provide you with an up to date market appraisal here.
About HMO properties
As you probably know, HMO management is more complicated than a standard let.
Houses in Multiple Occupation have 3 or more people renting the property who aren’t part of the same household. A household would be a family, related persons or a couple.
Tenants in HMOs usually sign separate tenant agreements and pay their rent separately.
Generally landlords also pay the utility bills in an HMO property although this isn’t always the case.
Furniture is also usually provided in an HMO. Bedroom doors are also required to have locks.
The upside to the additional requirements is that usually you will receive a much higher rental income from an HMO property.
HMO legal requirements
Nottingham has a landlord licensing scheme in place for rental properties. For HMOs, you will need an Additional Licence.
Although it spans across almost the whole of Nottingham, not all areas are covered in the Additional Licence scheme. For example, much of West Bridgford does not require a licence, as well as most of Beeston which is a popular area for those studying at the University of Nottingham.
Aside from licensing, you will have to conduct extra safety checks as a landlord. This can of course be managed by Benwell Daykin if you choose to instruct us as your letting agent.
Additional requirements include:
- Fire doors
- A mains powered fire alarm system
- Considering the need for emergency escape lighting
You can also read official government legislation here.
HMO Letting Agent
Benwell Daykin can manage the let for your HMO property.
With our lettings management service, we take all the stress away from property management.
Included in our lettings service as standard is:
- Rent collection
- Maintenance management
- Quarterly property inspections
- Tenancy renewals
- Checkout inspections
- Rental income statements
We also conduct regular rental review checks to ensure you are getting the best possible price for your HMO.
Ready to talk to Benwell Daykin about managing your HMO? Contact us here or call 0115 990 2007.
