House in Multiple Occupation (HMO)
What is a HMO property?
A house in multiple occupation (HMO) is commonly referred to as a house-share or shared house and can be very simply defined as a residential property shared by more than 3 unrelated people, with access to common or communal areas.
The legal definitions of HMO can be found in the Housing Act 2004, which also provides most of the regulation around HMO’s, including what type of HMO requires a licence – as not all do.
Operating HMO properties can bring in greater income than traditional buy-to-let properties if done correctly and this certainly is something Chancery Properties does very well! We’re experts at managing HMO properties and rooms, with vast experience of the best performing areas in South Wales.
Whether you’re looking to invest in a HMO property or already own several, Chancery Properties is on hand to help you navigate the complex planning and licensing laws. Call us on 029 2021 3244 and we’ll be happy to discuss your HMO concerns and queries!