Almost everything in life begins with a secure base and a stable foundation, whether it’s a new idea, adventure or a business proposition. Errors in any foundation can have devastation effects in the future.
Recently I have talked to some landlords who did not have a full and in depth knowledge of renting out their properties in accordance to all of the HMO regulations.
So, what are the HMO rules you might ask?
The simplest answer is that every council in London has a set of very specific rules and regulations; however the basics remain the same and as a landlord or an HMO manager you must, at the very least, know the basics.
Here is a simple checklist of everything you must do before you can rent out your property as an HMO.
1. Fire safety requirements:
Fire doors, alarms, door closers, fire blanket, fire risk assessment certificate etc. For a full list of requirements enquire further with the council in your area.
2. Submit your HMO license.
Ensure that the copy of the license is displayed at the property. If the property is in the Article 4 area or if you planning to rent to more than 6 people – then you must apply for planning too!
3. Have a valid Gas certificate. Copy for your records, copy for tenant and copy displayed at the property.
4. Have a valid 18th edition EICR (electric certificate). Provide this to your tenants.
5. Have a valid PAT certificate. Ensure that all of the appliances are tested regularly.
6. Have a valid fire safety certificate Ensure alarms are tested and serviced. Have a Fire safety assessment done.
7. Prepare a copy of the latest “How to rent leaflet” and provide it to tenants.
8. Ensure that your tenants know whom to contact and how
Display managers or landlords contact details, addresses at the property.
This short check list is the bare minimum that you should have before you go ahead and look for your ideal tenants and proceed with any referencing or prepare any tenancy agreements.
There are many other things that follow after the tenancy agreement is signed and there are even more things you can do to ensure that you provide an excellent service.
However, hopefully the above mentioned basic points will be a great reminder and help to every landlord in becoming fully compliant and exceed expectations.
If you are an HMO landlord and you manage your own property please ensure you familiarize yourself with “The Management of Houses in Multiple Occupation (England) Regulations 2006”, you can find link to it here:https://www.legislation.gov.uk/uksi/2006/372/contents/made
There you will find many answers to such questions as:
How do you manage HMO property?
Can you enter communal areas in the HMO property?
What are the regulations on maintaining the property?
This is extremely important, so please, follow the basics; it will save you so many worries, stress and reduce the loss in your funds for potential fines.