Law changes for HMOs

IN less than six weeks, we will witness a turning point for property investors who may have to deal with more regulatory measures. From the 1st of April 2006, Houses in Multiple Occupation or HMOs will have to be licensed.

A HMO is a property that has three or more storeys, and is shared by five or more unrelated persons, sharing a bathroom and kitchen.

However, it is not just property investors as the new regulatory regime affects landlords, tenants and property management companies in the private sector, as well as local authorities and housing associations in the public sector.

The crunch line is that the new regulations means the law will require a single person to take responsibility for a HMO as of the 1st of April. Are you aware of all the latest up and coming changes for this year? Read this press release to find out more.