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Rent 2 Rent Cashflow Fast Track
Now that you have completed all of the course modules you are ready to take the Exam.
Please answer each of the questions below.
The pass rate is 80% and you will be shown your grade at the end of the Exam.
Good luck
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* Indique une question obligatoire
First name
*
Votre réponse
Last Name
*
Votre réponse
Your email address
*
Votre réponse
What property types fit the Multi-Let / HMO strategy? (tick all that apply)
*
Studio flat
2 or more beds with 2 or more reception rooms
1 bed flat
2 bed house with 1 reception room
Obligatoire
What platform would we use to check out our tenant profile for the Multi-Let / HMO strategy? (tick all that apply)
*
Rightmove
Mouse Price
Zoopla
Spare Rooms
Obligatoire
What is the ratio of current demand vs current supply that we are ideally looking for in our basic tenant research for the Multi-Let / HMO strategy? (tick all that apply)
*
2 - 1
2 - 3
3 - 4
4 - 6
Obligatoire
What would we use Property Wizza for? (tick all that apply)
*
Running the numbers
Checking demand for tenants
Checking sold comparables
Overall in depth area research
Obligatoire
How many unrelated tenants are you allowed to have in a property before a mandatory HMO licence is needed? (tick all that apply)
*
1
2
3
4
5
6
7 or more
Autre :
Obligatoire
What is Article 4 designed to do? (tick all that apply)
*
Planning restriction to control the number of HMO's in an area to keep a balanced community
To raise money for the planning department
To control the quality of HMO's coming to the market
To prevent crime on our streets and reduce the numbers of people living in an area
Autre :
Obligatoire
What planning use classification would your HMO be if you had 7 or more unrelated tenants living in it and it was their primary residence? (tick all that apply)
*
C1
C3
C4
Sui Generis
Autre :
Obligatoire
What use planning classification would you have for a property in an Article 4 area for up to 6 people.
*
C1
C3
C4
Sui Generis
What Rent 2 Rent contract would you typically use if the owner / landlord had a mortgage on their property? (tick all that apply)
*
Management agreement
Common law tenancy agreement/ commercial lease
Companty let
AST ( Assured shorthold tenancy)
Autre :
Obligatoire
What Rent 2 Rent contract would typically be most suitable if you are dealing with a Lettings Agent? (tick all that apply)
*
Company Let
AST (Assured shorthold tenancy)
Common Law Tenancy / Commercial Lease
Management Agreement
Autre :
Obligatoire
What Rent 2 Rent contact is subject to Value Added Tax (VAT)? (tick all that apply)
*
Company Let
AST (Assured shorthold tenancy)
Common Law Tenancy
Management Agreement
Autre :
Obligatoire
What permissions do we need from the landlord in order to operate their property on a Rent 2 Rent basis? (tick all that apply)
*
Consent to let from the lender
Permissions from the head lease (no restrictions)
Insurance – electricity cert – gas cert – EPC
Correct Building Insurance in place
Autre :
Obligatoire
What % of MOE (monthly operation expenses) do we normally put aside for HMO’s? (tick all that apply)
*
10%
15%
20%
35%
Autre :
Obligatoire
What is the likely management fee that an agent will charge for managing a HMO? (tick all that apply)
5 - 10%
10 - 12%
15%
20%
Autre :
As standard and through the majority of councils, do we have to put fire safety measures in place for an unlicensed multi-let property?
*
Yes
No
What is the national average room size for a single occupant in a HMO where the property has a communal living area?
*
6.51 sqm (square meters)
10.22 sqm (square meters)
10 sqm (square meters)
8.51 sqm (square meters)
Autre :
What is the national average room size for a single occupant in a HMO where the property does not have a communal living area?
*
6.51sqm (square meters)
10.22 sqm (square meters)
10 sqm (square meters)
8.51 sqm (square meters)
Autre :
What is the national average room size for double occupancy in a HMO?
*
6.51 sqm (square meters)
10.22 sqm (square meters)
10 sqm (square meters)
8.51 sqm (square meters)
Autre :
Is subletting illegal in the UK?
Yes
No
Maybe
Effacer la sélection
Do we need a fire risk assessment carried out in a HMO?
*
Yes
No
How often should a fire risk assessment be carried out in a HMO? (tick all that apply)
*
Every month
Every quarter
Every 12 months
Every 3 years
Every 5 years
Obligatoire
How often should a gas certificate be carried out in a rented property? (tick all that apply)
*
Every month
Every quarter
Every 12 months
Every 3 years
Every 5 years
Obligatoire
How often should an electrical certificate be carried out in a rented property? (tick all that apply)
*
Every month
Every quarter
Every 12 months
Every 3 years
Every 5 years
Obligatoire
How often should PAT testing be carried out for landlord / rent 2 renter provided electrical items in a HMO? (tick all that apply)
*
Every month
Every quarter
Every 12 months
Every 3 years
Every 5 years
Obligatoire
What is the minimum EPC rating needed in order to let out a property in the UK? (tick all that apply)
*
A
B
C
D
E
F
Obligatoire
What agreement would I have between me (the rent to renter) and the tenants in a HMO? (tick all that apply)
*
AST (Assured Shorthold Tenancy)
Lodger licence
Common law tenancy
Guest Terms and conditions
Management agreement
Commercial Lease
Autre :
Obligatoire
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