Shared & rental living glossary

An operating model where residents rent a private bedroom and share common spaces and amenities under a community-led, service-inclusive arrangement.

A PMS purpose-built for per-bed inventory, housemate matching, shared billing, and community programming.

Software that centralises leasing, rent, maintenance, residents, compliance, and reporting for rental properties.

Purpose-built rental housing developed to be rented at scale under single institutional ownership.

Purpose-Built Student Accommodation: housing developed specifically to house students, run on the academic-year cycle.

House in Multiple Occupation: a property let to three or more people from more than one household sharing facilities, subject to council licensing.

Rental housing offered across variable stay lengths, from nightly to yearly, blending serviced-apartment and residential models.

Managing availability and revenue at the level of an individual bed rather than a whole unit, essential for coliving and HMO.

Billing each resident for their room and a share of utilities individually, rather than one invoice per property.

Revenue Per Available Bed: a coliving yield metric analogous to hotel RevPAR, measuring revenue against bed capacity.

The time a bed or unit sits empty between residents, directly reducing yield. Minimising voids is a core operational KPI.

The process of placing compatible residents together in a shared property to improve satisfaction and reduce early move-outs.

Software that syncs availability and pricing across booking channels (your website, OTAs, agents) from one inventory.

A UK planning restriction removing permitted-development rights, often used to limit new HMO conversions in a defined area.

A UK scheme letting councils require licences for privately rented properties in a designated area, beyond mandatory HMO licensing.

A UK legal requirement for landlords to check that tenants have the right to rent property in England before a tenancy begins.

A global ESG benchmark for real estate. Institutional BTR investors increasingly require GRESB-aligned reporting from operators.

A UK requirement to register tenancy deposits with an approved scheme (DPS, MyDeposits, TDS) within statutory timeframes.

A dashboard giving property owners or institutional investors live visibility into financials, occupancy, and performance per asset.

The mass move-in process in student housing and PBSA, where thousands of residents arrive within a short academic-year window.

Adjusting rent or nightly rates based on demand, seasonality, lead time, and bed attributes to maximise yield.

A dedicated interface for the guarantor on a student or PBSA lease to provide consent and complete required checks.