When an individual/company rents a property from a landlord, then rents it out to another party. The landlord is usually given a guaranteed rent for a period of time.
This can only be done if you have permissions from the landlord and all terms and conditions are being followed accurately. Very common in HMOs(Houses in Multiple Occupation), so each room is rented out to 3 or more tenants.
The profits you make are usually counted at rental income, hence you are considered a landlord. You’ll have to pay taxes once you earn more than £12,570.
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