Property investment rental

Property Investment Rental

I recently read a post from way back in July of last year about the fact that the BBC reported that new laws affecting HMO’s were due to come in.



It was on the 6 July 2004 that new rules which govern the upkeep of large rental property, including but not limited to student houses, in England came into force.


A report stated that residents in houses of multiple occupation (HMO) statistically suffer a higher incidence of injury and death as a result of accidents, than other types of property.


The normal Governmental response was to introduce legislation in the form of the Housing Act 2004 to improve the quality and safety of rental properties.


Now HMOs must meet particularly rigorous fire standards. They require fire doors, emergency lights, alarms in the mains power supply, signs on the walls for the escape routes and door locks will have to be fitted. More details about this can be found on the government website above.


Some types of HMOs will require a licence to be granted by the local authority.


Sceptics will argue that charging a landlord £1100 for a license may not infact make the house safer, but I think good on whoever supported this exceptional piece of legislation.