Homes of Multiple Occupancy
These types of properties are often tenanted by students but not exclusively. Basically, a property will be let to several tenants who share the communal areas (like bathrooms, kitchens and hallways) but have exclusive use of their own bedrooms.
Being aware of your legal responsibilities and licensing needs when it comes to houses of multiple occupation (HMOs) is a particular concern given that a rising number of landlords are turning their properties into tenancies of this nature. However, they can give excellent returns if managed correctly.