HMO and Licensing
What we will cover:
- Definition of a small HMO
- Definition of a large HMO and mandatory licensing
- HMO manager regulations
- Additional and Selective licensing
- Applying for a licence
- Includes an interactive flowchart for establishing if a property requires a licence
Objectives
- Understanding the difference between small and large HMOs
- Being able to identify the type of licence required for type of property
- The pros and cons of investing in HMOs
- HMO manager regulation responsibilities and how to avoid penalties
Background
A house in multiple occupation (HMO) is a property with multiple tenants who do not form one single family or household. Investments in houses under multiple occupancy can be very profitable with high returns on investment. However, the management of HMO is far more demanding with more rigorous regulations for the landlord and anyone managing the property such as a letting or managing agent.
This training course qualifies for 1 continuous professional development (CPD) point which can help towards or maintain your accreditation with the NRLA. If you are interested in becoming an accredited landlord with the NRLA, CPD points are necessary to achieve that status.
NRLA Accreditation recognises landlords who have agreed to maintain professional standards in the management and maintenance of their rented property and deal fairly and professionally with their tenants. Accredited members demonstrate their knowledge and understanding of their responsibilities and obligations and strive to maintain, increase and improve their knowledge of the market through training and development. CPD points are awarded for all activities which improve those attributes and are a requisite of membership of the NRLA Accreditation Scheme.
For more details visit the accreditation section on the website.
Suitable for
- New HMO landlords
- Potential HMO landlords
- Letting agent employees who will be managing client HMO properties
- Existing agents considering taking on HMO properties management