As such, they are more popular for urban HMOs populated by individual professionals. This requires more administrative work, as each premises should have its own individual lease and each depot should be protected individually if one of them is taken. This is an aspect of HMO leases that differs from individual leases. It`s often easier to take care of the administrative time itself, but cover that time by calculating a little more than the total cost of all invoices so you don`t lose. Leases are essential for landlords and tenants. Most HMO landlords provide their tenants with a secure shorthold rental agreement. Leases typically last 12 months with a “fixed period” of six months during which neither party can terminate the tenancy (unless the lease itself has been breached). .