Khalil: Landlords: will your properties be affected by extended HMO licensing?
Khalil on HMO Licensing
The new year looks like it has started as it means to go on:
with the prospect of more licensing and regulations affecting landlords. This time it’s Homes in Multiple Occupation (HMOs) that have fallen under the radar.
HMO licensing
Changes to HMO licensing were proposed in parliament before 2018 had barely kicked off. They included a proposal to extend HMO licensing to low-rise homes and flats.
At the moment HMOs that must be mandatorily licensed are of three storeys or more. The proposal is that this should be changed to any property – regardless of height – occupied by five or more people from two or more households.
In terms of scope, the new rules – if approved by Parliament – will bring a further 160,000 properties under the mandatory licensing scheme.
Other changes affecting HMOs
It’s not the only aspect of HMO licensing that has come under scrutiny.
The HMRC is currently looking to make it compulsory for any landlord applying for an HMO licence to be registered with HMRC first.
The intention here is to crack down on overseas landlords letting out HMOs in the UK, and also to highlight any UK landlords who are not paying the right amount of tax.
At the same time, minimum size requirements are being introduced for bedrooms in HMOs.
Rooms used for sleeping by one adult must be larger than
6.51 sqm, and those accommodating two adults must exceed 10.22 sqm. Rooms slept in by children (under ten years) must be larger than 4.64 sqm.
Some good news for landlords
It seems that 2018 looks set to follow the pattern set by the previous year. There will be more, and stricter, compliance demands for landlords to meet.
It’s not surprising that many are saying it’s getting tougher and tougher to let property.
Yet, 2018 could be the year you learn how to be a landlord without all the worry. What’s more, it could be the year you discover that your rent can also be guaranteed.
• No void periods
• No need to find and manage tenants
• Maintenance taken care of
• No worries
Sounds good? Then, let’s show you exactly how easy it is to achieve this.
Khalil’s Rent Guarantee Scheme
Khalil’s Rent Guarantee Scheme takes the uncertainty out of renting properties.
• We lease your property from you, and we guarantee to pay you an agreed rent every single month, regardless of whether the property is occupied or not.
• We take care of ensuring the property is compliant with changing demands.
• We find the tenants and we manage the relationships.
• We maintain your property for you, so that when it is returned it is as you left it in our care.
This is rent without risk. And we guarantee that.
While the regulatory landscape gets more and more complex, we can make things refreshingly simple for you.
Phone: 01273 573960 Mobile: 07984 015669
Email: ahmed@khalilproperties.co.uk
Address: 124 Lewes Road, Brighton, BN2 3LG
www.khalilproperties.co.uk
