Houses in Multiple Occupation (HMO) in Portsmouth & Southsea. Days Lettings Agency of Southsea are HMO experts. We currently help many landlords manage their HMO’s in and around Portsmouth.
Do I need a HMO licence in Portsmouth?
It includes bedsits, shared houses and some self-contained flats. Previously a HMO that had 5 or more households with three storeys or more require a mandatory licence.
How many HMOs are in Portsmouth?
There are an estimated 6,000 HMOs in the city, the equivalent of about a quarter of all private rental accommodation.
What makes a property a HMO?
A house in multiple occupation ( HMO ) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’.
Is a HMO a good idea?
HMOs are a fantastic investment as they produce rental returns far in excess of those offered through traditional buy to let investment.
What happens if no HMO license?
Your rights to remain in your home:
Landlords of unlicensed HMOs cannot proceed to recover possession of the property and require tenants to vacate by serving a section 21 notice, while the property is unlicensed.
What happens if you dont have HMO licence?
Failing to have a HMO licence is a criminal offence and subject to an unlimited fine.
What does HMO mean in the UK?
house in multiple occupation
Your home 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 share toilet, bathroom or kitchen facilities with other tenants.
Do you need a HMO licence for a 3 bed?
An HMO must have a licence if it is occupied by 5 or more people. A council can also include other types of HMOs for licensing.
How many rough sleepers are there in Portsmouth?
In 2021 it was estimated that there were 291 homeless people in Portsmouth.
What are the 3 basic types of HMO?
There are four types of HMOs: staff model, group model, network model, and independent practice association.
Why would someone choose an HMO?
Advantages of HMO plans
Lower monthly premiums and generally lower out-of-pocket costs. Generally lower out-of-pocket costs for prescriptions. Claims won’t have to be filed as often since medical care you receive is typically in-network.
Who can live in a HMO property?
An HMO is defined as a property that is let to 3 or more people from 2 or more households. Two people living in a property who are not related would not be given HMO status.
What are some disadvantages of HMO?
In an HMO there are some disadvantages. The premium that is paid is just enough to cover the costs of doctors in the network. The members are “stuck” to a primary care physician and if managed care plans change, then the member may not be able to continue with the same PCP.
What is a disadvantage of HMO insurance?
The Primary Disadvantage of an HMO Plan
You are limited to a smaller (typically local) network of providers – usually a particular hospital system. Additionally, visiting a specialist typically requires a referral from your primary care doctor.
What are the risks of HMO?
People who live in HMOs are at more risk than those who occupy a property as a family unit. This is because an HMO is often occupied by more people than a single-family home. HMOs that are poorly managed and badly maintained can put an extra burden on local services and have a negative impact on the area.
Why do doctors not like HMO?
That’s the problem with HMO’s. To quote a Survivor of two primary breast cancers: “The disadvantage of an HMO is that the patients give up control of their own health care to medical groups that vary in quality and abilities and whose primary concern is their profit rather than the patient’s health.
Can two couples live together HMO?
Tenants who are married or living together as a couple, form one family. This includes couples in same-sex relationships and their children. All relatives & half-relatives count as the same family e.g. grandparents, step-parents, aunts, uncles, siblings & step-siblings.
How much is the fine for not having an HMO licence?
If you deliberately avoid licensing, the Council will consider taking action using all the powers available. You could face: prosecution, which carries an unlimited fine. fines of up to £30,000.
Do two couples need HMO?
So, you have a house of multiple occupancy, but… do you need to register it as such? That’s the question you’re asking. The good news is – you don’t. The Housing Executive doesn’t require you to register as an HMO if the house is “occupied by persons who comprise no more than two families.”
Can a family live in a HMO?
When it comes to HMOs, a household is defined as a single person, a couple in a relationship, a married couple, or an entire family living together in one property. For example, three unrelated people living in different rooms would be classed as three households.