An interesting occurrence happened to me earlier this month which I thought would make a great topic to write about in this month's article. Most landlords operate standard Buy-to-Let properties in their portfolios, but some also have HMO property. In case you're not sure what an HMO property is, let me explain. An HMO is a property which is run as a House of Multiple Occupation. The proper definition is as follows:
Your property is a House in Multiple Occupation (HMO) if both of the following apply:
- At least 3 tenants live there, forming more than 1 household
- You provide shared toilet, bathroom or kitchen facilities with other tenants