Principles of HMO
A house in multiple occupation (HMO) is property with multiple tenants who do not form one single family or household. Investments in houses under multiple occupancy can be very profitable with high returns on investment, but the management of HMO is far stricter for the landlord and anyone managing the property (e.g. Letting/Managing Agent).
Recent changes have given greater enforcement powers to local authorities with the introduction of civil penalties and Rent Repayment Orders, significantly increasing financial penalties that local authorities can apply to landlords and managers who do not meet their obligations. A 'manager' can be a letting/managing agent or the landlord who has a direct involvement in the day to day running of the property, so it is vitally important that both landlords and managers are aware of the legal responsibilities they have.
This one day course, designed to suit landlords, managers and letting/managing agents, covers the principles of this detailed and antiquated subject, giving you the level of broad knowledge to confidently consider investment or management of someone else's investment.
The course tutor is an experienced landlord, agent and trainer with specialist HMO knowledge and a track record of delivering courses on behalf of councils.
After completing this course, you should be able to:
- Understand the pros and cons of investing in and managing a HMO property
- Learn about additional requirements that come with managing a HMO property
- Understand how civil penalties work and how to avoid them
This course is suitable for:
- New landlords who have purchased (or are considering purchasing) an HMO.
- Existing HMO landlords who have not received any HMO management training.
- New letting agent employees who will be managing client HMO properties.
- Existing agents considering taking on HMO properties on behalf of clients.
|10:00 - 16:30||Manchester||Book Now|
|10:00 - 16:30||London||Book Now|
Continuous Professional Development
Remember that Continuous Professional Development points (CPD) apply to RLA courses. You can also get CPD points for being a member of the Residential Landlords Association.
We are currently planning additional dates for this course. If you would like to be informed when these are arranged, please click here.
Residential Landlords Association Accreditation Scheme
This course is worth 5 basic CPD points with the Residential Landlords Association Accreditation Scheme
RLAAS is a national scheme who aim to encourage, acknowledge and actively promote good standards and management practice by owners and to assist owners and tenants to undertake their respective responsibilities to each other.
RLAAS is open to all landlords who operate in the private sector, and accreditation is FREE. Members of RLAAS also receive a discount when enroling for a course operated by the Residential Landlord's Association.
To find out more, and what RLAAS means to landlords and tenants across the country, visit the RLAAS website.