Are you a landlord with multiple tenants in one property?

If so it is important that you are aware of current HMO legislation and if your property adheres to the relevant and specific criteria. 👇

At the moment local authorities are clamping down on unauthorized HMOs and this has led to landlords being required to pay amounts in excess of £20,000 due to a lack of adequate safety procedures or a failure to follow licensing regulations. In one example, a landlord in Hackney was fined £22,000 for failing to apply for a license to rent to more than two unrelated tenants.

If you do decide to go with an HMO property, it is critical that you are aware of all applicable rules and regulations in order to prevent being stung, or that you hire a reputable estate agent to act on your behalf.

With the current demand in Central London at a 2 year high we have managed to secure families for landlords not wanting sharers.

Do not break the rules as it’s not worth the risk! ✔️

#landlords#hmoproperty#landlords