16th September 2016
With property prices ever increasing and successive governments taxing income from property more and more each year, landlords and property investors are often turning to houses of multiple occupation sometimes known as HMOs for higher rates of return. So why do HMO give landlords and property investors a higher rate of return? Well essentially this is down to the fact that HMO properties are rented out by the room rather than as a whole property.
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30th September 2015
David Cox, managing director, Association of Residential Letting Agents, comments on legislation coming into force affecting the Private Rental Sector: “As of Thursday 1st October, it will be compulsory for landlords to have fitted smoke alarms on every floor of their property where there is a room used wholly or partly as living accommodation. They will also be required to put a carbon monoxide alarm in any room where solid fuel is burnt.
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