There are three options that we would recommend when dealing with HMO's within Expert Agent. Â
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1) If you have a joint and several AST – (you advertise the property as a whole and move tenants in on one tenancy agreement)Â
Then add one property, create one tenancy and add the individual applicants to that tenancy. You can still set them up with their individual rent amounts, dates etc but they will run on one tenancy and all tenants will ultimately be liable for any unpaid rent.
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2) If you have individual agreements per tenant and you advertise each room separately
If you want to advertise the "properties" (rooms) individually you can set each room up as a separate property. You can then create one tenancy on the "property" (room) with one applicant added. This will work best from a finance point of view if you want to be able to separate finances per room and create separate remittance advice's for the landlord for each "property" (room).Â
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3) Setting up a master property for Marketing
The other option here (alongside your individual properties per room for advertising - Option 2) is that you can set up a master property that you create the tenancies against. You can then create separate tenancies for each applicant but all on one property record so they are all kept together. You can have multiple tenancies running at the same time on one property. From a finance point of view this will be easier for paying invoices for the landlord and will work best if the landlord wants to keep all the finances together for the property as a whole (see the rents etc from each room on one remittance).
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