When a single property is rented to three or more tenants who don’t form a single household, the arrangement is referred to as a house in multiple occupation, or HMO. There is a range of potential advantages that make HMO operations appealing to landlords. Property type and location play significant roles, and in the right circumstances, HMOs offer increased efficiency due to the greater number of tenants they serve. Many renters consider the key facets of HMO properties — including cheaper monthly payments and the communal nature of the arrangement — to be desirable advantages. These are some of the reasons why house-shares are particularly appealing to students and younger tenants. Landlords often appreciate the increased duration of tenancy that tends to come with a house-share arrangement. If you have a property that you’d like to turn into an HMO, there are a range of tasks to complete. Some are purely practical — such as sourcing a professional locksmith and making the property suitable for the desired number of tenants — and some are legal obligations.