Here at Amana Lettings, we understand that starting out as a landlord can be scary!
Property legislation is ever-changing, so we’ve tried to collate the top 10 HMO & Lettings Management tips for landlords.
Over the next 10 days, we’ll be sharing with you what we think are the top ten most important things to remember when letting out your HMO.
CONTACT YOUR LOCAL AUTHORITY
First things first – make sure you contact your local authority to find out the requirements for a HMO license.
If you need one, find out exactly what you need to do in order to be granted one. Most local authorities expect you to meet a number of safety regulations, which usually include, but are not limited to:
- installing fire doors and a proper fire alarm system,
- a landlord Gas Safety certificate,
- having a Fire Risk Assessment,
- an electrical safety certificate (to name a few!)
If your property is let out to 5+ tenants from more than one household… is at least three storeys high and the tenants all share a toilet, bathroom and / or kitchen facilities, then you’ll definitely need a licence!
Letting a licensable HMO without a licence is an offence and can result in a fine of up to £20,000!
For more information get in touch to see what we can do for you.
*Over the next few weeks, we’ll be sharing some top tips with you for HMO & Lettings Management*