The Rent 2 Rent Success Property Podcast
Business:Investing
047 - Today we’re talking about article 4. If you have no idea what an article 4 area is or if you think article 4 will stop you doing rent to rent, you’re going to love this episode.
Article 4 is a direction under article 4 of the General Permitted Development Order which enables councils to remove some 'permitted development rights'.
What Article 4 means in plain English is that a planning application has to be submitted to the relevant council to change a house to an HMO even for 3 or 4 people, which under the national legislation wouldn’t require Planning.
(It should be noted that Planning permission is, and always has been, required to convert a single family house into a large HMO with 7 or more unrelated persons sharing).
So many people use article 4 as an excuse not to get started.
We have a successful rent to rent business in an Article 4 equivalent area and because we focus on existing HMOs, it doesn’t stop us.
If anything, it’s an advantage because there is less competition because it’s more difficult to convert a house to an HMO.
Click here to listen to the full episode
✅ https://rent2rentsuccess.com/47 ✅
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