Tenanted property
Selling a tenanted HMO
A tenanted HMO can be attractive to investors because it may already produce income. The key is to present the tenancy position, rent roll and compliance documents clearly so buyers can understand the investment quickly.
Advertise the rent roll, room count and licence position
Give buyers the information they need before they enquire, while keeping tenant privacy and viewing arrangements sensible.
Documents to prepare
Prepare a tenancy schedule, rent amounts, deposit information, AST or licence agreements, arrears position, occupancy details and management notes. Buyers may also ask for gas, electrical, fire alarm, emergency lighting, EPC and HMO licence documents.
Managing viewings
Tenanted HMO viewings need careful communication. Sellers should respect notice requirements, tenant privacy and safety. Some investors may accept staged viewings, video tours or document review before a full inspection.
Be clear about income
Distinguish current rent from estimated market rent. If rooms are vacant, under-rented or subject to bills-inclusive arrangements, explain this in the advert so buyers can assess the numbers properly.