- How do I set up an HMO?
- How much is a HMO Licence?
- What are the rules for HMO?
- Who is in a household?
- Who pays council tax in HMO?
- Can I live in student accommodation if I’m not a student?
- Is my property an HMO?
- Do students need HMO?
- Do HMOs need fire doors?
- Is a house converted into flats a HMO?
- How long does it take to apply for a HMO Licence?
- What do I need to do to get a HMO Licence?
- How many bathrooms should a HMO have?
- Why do you need a HMO?
- What constitutes a household HMO?
How do I set up an HMO?
7 Top Tips When Creating a HMOSize matters.
Location, Location, Location.
Don’t mix HMO tenant types.
HMO Gross yield should be 12% or above (yearly gross rent divided by the purchase price and refurb) …
Get a cleaner in every fortnight.
Go for higher end HMO rooms.
Pick bigger old victorian type properties..
How much is a HMO Licence?
The standard HMO licence fee is £1,100,split into two payments. For larger HMOs with more than ten units of accommodation the fee is increased by an extra £50 for each additional unit of accommodation in excess of ten.
What are the rules for HMO?
Your home is probably an HMO if:3 or more unrelated people live there as at least 2 separate households – for example, 3 single people with their own rooms, or 2 couples each sharing a room.the 3 or more people living there share basic amenities, such as a kitchen or bathroom.
Who is in a household?
household includes the individual plus, if living with the individual, his or her spouse and children who are under 19 years old. household includes the individual, plus any siblings under 19 years old, children of the individual and parents who live with the individual.
Who pays council tax in HMO?
The owner of the property is liable to pay Council Tax if you live in a house in multiple occupation (HMO). For Council Tax purposes, a property that is occupied by more than one household (or by one or more tenants each with their own tenancy agreement for part of the property) is likely to be an HMO.
Can I live in student accommodation if I’m not a student?
If you’re wondering whether you can rent student housing if you’re not actually a student, the answer is “maybe.” There is no universal policy regarding non-students living in student housing.
Is my property an HMO?
If you let your property to several tenants who are not members of the same family, it may be a ‘House in Multiple Occupation’ ( HMO ). … Your property is an HMO if both of the following apply: at least 3 tenants live there, forming more than one household.
Do students need HMO?
If you plan to rent to a group of students who are all sharing the facilities of the property– you may require an HMO licence. … As a general rule, HMOs with 5 or more tenants or that have three or more storeys will require a licence.
Do HMOs need fire doors?
HMO Fire Door Regulations. Fire doors are an essential feature of HMO fire safety regulations. The rule is that, as a landlord, you need to make sure that all escape routes from the property are protected. … All the bedrooms have fire doors.
Is a house converted into flats a HMO?
If the block is a house which has been converted entirely into self-contained flats the conversion will be regarded by us as an HMO if it does not comply at least with the standards of the 1991 Building Regulations and if more than one third of the flats are let out on short leases.
How long does it take to apply for a HMO Licence?
eight weeksHow long does it take to get a licence? Applications are normally processed within eight weeks providing you have included all of the relevant information we require. There is a checklist on the application form of what you need to provide.
What do I need to do to get a HMO Licence?
Applying for an HMO licence. Normally the landlord or (if there is more than one landlord) the joint landlords should apply for the HMO licence. You can obtain an application form from the local council responsible for the area your HMO is in.
How many bathrooms should a HMO have?
Health and safety regulation for an HMO typically requires one bathroom to every four tenants. If you have five tenants you will probably need to supply separate toilets from the main bathroom in the main bathroom suite.
Why do you need a HMO?
You will need a mandatory HMO licence if your property meets the standard test, self-contained flat test or converted building test HMO definition in section 254 of the Housing Act 2004 and is occupied by five or more people.
What constitutes a household HMO?
Your home is a house in multiple occupation ( HMO ) if both of the following apply: at least 3 tenants live there, forming more than 1 household. you share toilet, bathroom or kitchen facilities with other tenants.