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Guaranteed Rent for HMO Landlords
Are you ready to unlock the true potential of your property with Guaranteed Rent? Leave all the hard work to us. With an extensive property management track record spanning over 20 years, our services include the effective management of both HMOs and hostels.
At Elliot Leigh, we specialise in alleviating the challenges and uncertainties associated with renting HMO properties by assuming full property management responsibilities and offering long-term rent guarantees, paid monthly regardless even if you have an empty room in the property.
When you begin your contract with us, you'll get 3 months rent paid in advance.
No empty periods
The rent is guaranteed even when the property is empty and the service provided can be tailor-made to suit your needs, including the length of the contract.
No furniture needed
We only require a fridge freezer and a cooker - no other furniture is needed.
24/ 7 maintenance
We operate a 24/7 maintenance service to ensure our properties are well maintained.
We complete minor repairs at the property free of charge. Terms and conditions apply.
Maximum Rent Achieved
We work with most London boroughs so are able to source the market to achieve the best possible rental income.
Guaranteed Rent Start Date
We will start your rent even if a tenant has not yet moved in.
Dedicated property manager
You will be allocated a property manager and a property inspector who will be solely responsible for looking after you and your property.
Benefits of our HMO Guaranteed Rent Service
HMO properties have the potential to yield significantly higher rental returns, however to be a successful HMO landlord, you need to have understanding of all the additional obligations, regulations and management associated.
At Elliot Leigh, we specialise in alleviating the challenges and uncertainties associated with renting HMO properties by assuming full property management responsibilities and offering long-term guaranteed rent. So far, we have managed over 50 HMO properties under the Guaranteed Rent scheme, making us experts in the process.
Frequently Asked Questions
Does my HMO need a communal space?
Whether you need a communal space will depend on the type of letting agreement you have. One of our experts will advise you on the needs for your specific property.
Do you pay guaranteed rent for HMO's on a room basis?
Unlike private rental, your HMO will be valued as a whole, meaning we will quote you for the whole property.
Do you provide full HMO management?
Yes, Elliot Leigh have the resources to manage your entire property, including any maintenance or repair works.
What if a landlord doesn’t have a license?
A landlord without the relevant HMO license can be fined and face repaying up to 12 months' rent.
Can a landlord live in their HMO property?
As a landlord you are legally allowed to live in a HMO with your tenants. However, if you are interested in our Guaranteed Rent scheme, a live-in landlord would not be accepted as we require an empty property.
Who is exempt from a HMO license?
HMOs must have a license if the property is occupied by 5 or more people who rent from the same landlord. Licensing helps to make sure that HMOs are safe and run properly.
What are HMO landlord responsibilities?
As a HMO landlord, you have extra legal responsibilities which includes fire and general safety, water supply and drainage, gas and electricity, waste disposal, and general upkeep of the HMO.
How many tenants can live in a HMO?
There is not set rule on how many people can live in your HMO, however overcrowding is not allowed. Your local council can decide how many people are allowed to live in your HMO.