Bed and Breakfast change to room rentals only

[Marky47]

Hello All

I am looking at the possibility of buying Bed & Breakfast buildings with say 6-8 rooms and renting out the rooms as a business and getting rid of the breakfast part.

Obviously getting the right price is essential, but I would like to ask is there any legal reasons why this could not be done. I would be catering for those who cannot afford a property of their own and have a small amount of money to pay with. The tenants would all share a kitchen and toilet area.

Has anyone done this or know of any reason why this could not be done.

Thanks

 

[Newchodge]

These rules may help

Private renting

Private renting as a tenant - repairs, rent increases and arrears, settling disputes, deposits and your rights and responsibilities.

www.gov.uk

 

[fisicx]

It’s classed as a house of multiple occupancy (HMO). You need a license:

House in multiple occupation licence - GOV.UK

Get a licence to rent out your property as a house in multiple occupation (HMO) in England or Wales - local authority, private renting, landlords, houseshare

www.gov.uk

 

[BusterBloodvessel]

I know someone who does exactly this. It’s a bed and breakfast on the sign outside but more of a halfway house in reality. Not sure of the ins and outs but everybody there lives there permanently abd their rent goes directly to the owner (or it did - I’m not sure if the universal credit changes altered that)

What I do know is that they make a handsome living out of it!