HMO or House of Multiple Occupation is a term used to define accommodation that is owned by a private landlord and shared by at least three people who are not from the same household (eg. a family).
On 1st October, the Government is extending the possibility of licensing for HMOs. The licence applies to all HMOs that are occupied by five or more people from two or more households, regardless of the number of storeys. The licence does not include flats in purpose built blocks of more than two storeys.
In addition to the compulsory licensing, the Government has also proposed a minimum room size for bedrooms. The room size with a floor area of less than 4.64 square meters must not be used as sleeping accommodation.
You can find more information on HMO from gov.uk website.
Are you seeking to grow your HMO portfolios or looking for an agent to manage your properties? Ensure that you get an agent that will make you money rather than costing you money. Why not get in touch with TwoLet to discuss your needs? We’d love to hear from you and answer any questions you may have.