If you have a property and are considering turning this into either serviced accommodation or a HMO, here are a few things you should consider.
Firstly, let us explain the difference between serviced accommodation and a HMO.
Serviced accommodation is fully furnished, short or long-term accommodation with facilities similar to a hotel. For example; room service, laundry rooms, recreational rooms etc. A HMO is where multiple tenants live in separate rooms in a house together, often sharing a toilet, bathroom, living space, kitchen etc. with the other tenants.