If you're considering renting a property to multiple tenants, there are legal requirements relating to the registration of houses in multiple occupation (also known as HMOs). A property that is let as a main or only home to at least three tenants who form more than one household and who share a kitchen, bathroom or toilet will count as an HMO.
If your HMO is occupied by five or more persons who form more than one household it must have a licence. There are fines for non-compliance so make sure you check with your local authority for their policies on HMOs. For more information, read HMOs and Fire safety in HMOs.