Property Types
Single Let
Property rented to one household on one tenancy
Full Definition
A single let is a property rented to one tenant or family group under one tenancy agreement. This is the traditional buy-to-let model. While yields are typically lower than HMOs, single lets are easier to manage, have lower regulatory requirements, and often attract longer-term tenants. They're ideal for investors seeking passive income with minimal management.
Related Terms
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Buy-to-Let (BTL)
Property purchased specifically to rent out
HMO (House in Multiple Occupation)
Property rented to 3+ unrelated tenants sharing facilities
BRRR (Buy, Refurbish, Refinance, Rent)
Strategy to recycle capital through forced appreciation
Serviced Accommodation (SA)
Short-term furnished rentals like Airbnb
Property Flipping
Buying, renovating, and quickly selling for profit