HMO’s in Leicester

 

Leicester has a significant number of HMOs catering to the student population. These properties are typically located in popular student areas, such as Clarendon Park, West End, and the City Centre. Availability may vary, so it's advisable to start searching early, ideally at the start of the academic year. 

Renting a HMO can often be more affordable than university-provided accommodation. The cost of renting a room in an HMO will depend on factors such as location, size, and facilities provided. It's important to consider your budget and ensure you can afford the monthly rent, as well as additional expenses like utilities and council tax (if applicable).

HMOs vary in terms of amenities and facilities offered. Some properties may include utilities (such as electricity, water, and internet) in the rent, while others may require tenants to cover these costs separately. It's important to clarify what is included in the rent and what additional expenses you may be responsible for.

Living in an HMO provides an opportunity to socialize and build connections with other students. Sharing communal spaces like the kitchen or living room encourages interaction, fostering a sense of community and the potential for lasting friendships. 

HMO tenancies are typically more flexible than traditional long-term rental agreements. This can be advantageous for students who may have changing circumstances or need shorter-term accommodation arrangements.


Written by First 4 Lettings

Fees

PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.