Hmo Tenancy Agreement Example

The only reasons you wouldn`t use an AST deal are either to share the property with your tenants – in this case, they are technically more “tenants” than landlords and are subject to other rules – or that your rental income from the property exceeds £100,000 per year. Your rental agreement should clearly state the amount of your rent and when it is payable, i.e. weekly or monthly, and the day or month of the week. If you have agreed to move to the HMO, based on the fact that the landlord takes care of the invoices, make sure that this is reflected in the rental agreement. Your rental agreement should also tell you the amount of the necessary acomphement and the costs to be paid, for example. B a renewal indemnity (amounts cannot be indicated). Beware of contractual clauses that define what a late payment is and what happens if you/other tenants do not pay the rent – it is important to be aware of this. As already said, the lease agreement should determine who is responsible for which bills, for example, electricity, gas, municipal tax, etc. As a rule, in colocation situations, the landlord takes care of all the bills and takes them into account when setting the rent.

In my experience, most HMO tenants and owners prefer this. This is the easiest way to manage invoices.. . .

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