We will take the property and guarantee the rent throughout the contract.
Long Term Contracts
We offer flexible tailor made contract for up to 10 years.
Our experienced staff will takeover and fully manage the property.
No void periods
Landlords do not need to worry about empty rooms or properties, as the rent is guaranteed.
Free repairs / refurbishments
We will complete free minor repairs at a property and will complete refurbishment works during void periods.
Hassle free service
We will take the risk and hassle out of renting your property and make the landlord's life much easier.
HMO Property Management in Wanstead
If you are a landlord with a house in multiple occupation (HMO) in Wanstead, or a property you feel could be used as a HMO and are considering converting this to increase your income - we can help. Due to our experience and expertise in this area, Elliot Leigh can provide advice on HMO property requirements. This and help landlords with the additional regulation/standards needed to rent a property as an HMO.
HMO Property Experts
HMO properties can achieve considerably higher rents but are subject to additional requirements / regulation and need to be closely managed by someone with experience. Elliot Leigh can take the risk and hassle out of renting HMO properties by managing the entire property and guaranteeing the rent on a long term contract.
We have decades of experience in managing both HMO’s and hostels. We provide advice on maximising your income, applying for a license, on the additional regulatory requirements, guaranteeing the rent, management of the property and minimising the landlord’s risk.
Our HMO Dedicated Services
Frequently Asked Questions
What is a HMO property?
House in Multiple Occupation (HMO) properties can be rented out by at least 3 tenants who are not from a single family, but share facilities such as the bathroom and kitchen.
Do all HMO properties need a license?
Some HMOs require planning and property licensing, especially if they are deemed a ‘large’ HMO. As part of our service we can offer you advice on your licensing.
Can you change any property into a HMO?
Your property may require planning permission or a property licence. We can help you find out whether you need planning permission and how to apply for it.
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.