Since the new nationwide HMO regulations came into play on 1st October 2018 we have had numerous enquiries from landlords who now fall into the HMO category seeking information on how to become immediately compliant.
This month we have been instructed by five new clients to manage their HMO properties to ensure that they are managed to the correct compliance obligations in line with licencing requirements.
These enquiries and subsequent instructions are from clients who have properties in Dollis Hill NW2, Willesden NW10, Neasden NW10, Wembley HA9 and HA0 and Harlesden NW10 and we are currently consulting with other landlords for instructions in similar areas.
HMO Property Management requires adherence to strict licencing obligations enforced by the local council and the services involved surpass the level of service required for standard property management, especially as the new rules which apply to landlords seeking new licences that are found to be in breach could face a fine to up to £30,000.
Regal Estates have been assisting landlords maximise on their property investments through HMO lettings and property management for a number of years and continue to keep abreast of changes in legislation in this field to ensure our best performance for our clients.
Over the last few years we have been seeing an increase in demand by tenants in London seeking flexible, affordable room lets that are professionally managed.
Should you wish to know more about our HMO services you can contact us on 020 8459 2530.