Housing Multiple Occupation (HMO)

jvbuildersltd| May 20, 2020| 0 Comments

Overview
We are experts in designing and building Housing Multiple Occupation (HMO) properties. We have completed several projects where HMOs meet government standard. The HMOs have en-suites with stunning and desirable common areas.

Ensuring the HMO is built to a high standard makes it attractive to quality and professional tenants paying the market rental value.

The return on investment is approximately 3 years for a 5 bedroom HMO.
According to Gov.uk, a house in multiple occupation(HMO) is:

… a property rented out by at least three people who are not from one ‘household’ (e.g. a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘share’.

An HMO is defined as ‘large’ if:

    • It is rented to five or more people who are from more than one household.
    • It is at least three storeys high.
    • Tenants share toilet, bathroom or kitchen facilities.

Landlords must have a licence from the local authority if they are renting out a HMO. A licence is valid for up to five years. Unlimited fines can be imposed where an HMO is not licensed.