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Renting out rooms - who pays the bills?
Comments
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unless I misread it you will be letting these rooms individually with individual TA, not a joint and several TA?
therefore each tenant will need their own TV licences, one each,
http://www.tvlicensing.co.uk/check-if-you-need-one/for-your-home/tenants-and-lodgers-aud2/
of course you could always do what lots of LL do and work on the basis the detector van can't detect diddly squat and the terror letters from the licensing authority have a special file along with a lot of other stuff
removing the GCH would save you the costs of the annual safety inspection but you need to take a punt as to how much the electricity will cost when the heaters are on 24/7 in place of a gas boiler
Then the responsibility to obtain a licence lies with the individual tenants. Surely the landlord must just inform any tenants of the need to purchase their own licence. If I have a lodger, that lodger has to buy one if he wants to use a tv in his/her room.0 -
Update
We are planning to buy three HMos right now, a big but life changing step, no turning back now0 -
Well as you are building a property empire in HMO,s you better start reading and join a landlord association such at NLA or RLA.
Do it right from the start and you can save yourself a lot of trouble.
We bought a house in 2010 and had new gas central heating, complete rewire, Electric shower, New double glazing with trickle vents, perhaps laminated glass on ground floor Windows, turn locks on exit doors, LED lighting everywhere inside and outside ! Do you put locks on doors ?
Furniture ! Built in wardrobes to make best use of space or tall IKEA wardrobes ( cheaper)
Do you need HMO licences in the area you are buying, fire and safety regs, smoke alarms mains wired and interlinked, CO alarm near every gas appliance. The 1970,s gas fire needs to go.
Carpet or good quality laminate wooden flooring?
Who are you looking to rent too ?
Young professionals, students, Unemployed, social tenants ?
Area you are buying in
Do you live in Manchester ?0 -
Thanks for the replies.
I am going to try and get the GCH removed so there's just leccy, water and council tax to pay, + broadband and possibly a tv license.
Who are you trying to attract as tenants? I wouldn't in a million years rent a room in a house without GCH and I don't think any other professional would either.Mortgage overpayments 2018: £4602, 2019: £7870
Mortgage overpayments 2020: £4620
Mortgage 2017 £145K, June 2020 £112.6k
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