A House in Multiple Occupation (HMO), with five or more occupants, can be defined as: A property rented out by at least five people who are not from one household (e.g. a family) but share facilities like the bathroom and kitchen. It’s sometimes called a house share.
Examples of HMOs, according to the Residential Landlords Association, include:
Although the range of potential properties is wide, and the revenue stream attractive, there is a greater deal of complexity. For example, with large HMOs (with more than five occupants), the landlord must seek a license, which has to be renewed every five years. On top of this, they will have to pay a council fee.
We can offer impartial advice on all of these issues and have a wealth of experience doing so.