12.2.2009, 23:55
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#1
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Senior ![]() ![]() ![]() Group: User Posts: 36 Joined: 11.2.2009 Member No.: 8 |
Hello!
I am newbe in buy to let mortgages, pelase can you tell me: What is HMO? |
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16.2.2009, 0:29
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#2
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Senior ![]() ![]() ![]() Group: Administrator Posts: 97 Joined: 26.1.2009 From: UK Member No.: 2 |
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17.2.2009, 0:07
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#3
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Senior ![]() ![]() ![]() Group: User Posts: 36 Joined: 11.2.2009 Member No.: 8 |
HMO stands for Houses in Multiple Occupation also known as multi-lets. Quite often HMO describes properties which are let out on a room by room basis to different people. Doh! I should av worked it out! Is it true that all the doors in multi-lets should now be fireproof? I know someone who has recently been asked to replace all the doors. |
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6.3.2009, 10:13
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#4
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![]() Senior ![]() ![]() ![]() Group: User Posts: 31 Joined: 6.3.2009 Member No.: 55 |
there's a topic on student rentals, which, I believe, is actual here as well.
I'm pretty sure that HMO's are perfect for students, because few of them can afford renting the whole house. however, the decision to rent the whole HMO to youth should be seriously considered since it might cause the owner certain problems. |
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28.3.2009, 20:47
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#5
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![]() Senior ![]() ![]() ![]() Group: Administrator Posts: 115 Joined: 3.3.2009 Member No.: 36 |
While I'm not quite sure whether fire-proof doors in HMOs are legal requirement, there are certain safety laws that must be followed by landlords to ensure their tenants safety. A regular fire risk assessment in HMOs is a must. It needs to be done to identify and manage any risks. A process of fire risk assessment is supposed to consist of five steps: 1) identifying fire hazards; 2) identyfying people at risk; 3) assessing the risk if any and taking relevant action; 4) keeping the record of steps 1-3 and setting up an emergency plan of what to do in case of fire; 5) reviewing and updating landlords fire risk assessment. So, it makes sense to put fire-proof doors in place.
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8.6.2009, 7:06
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#6
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![]() User ![]() ![]() Group: User Posts: 11 Joined: 20.5.2009 Member No.: 366 |
HMO stands for Houses in Multiple Occupation also known as multi-lets. Quite often HMO describes properties which are let out on a room by room basis to different people. However, joining the discussion it I’d like to mention that HMOs made up of self contained flats don’t need a license. The Housing Act 2004 says that only certain types of larger HMOs must be licensed , such as three or more storey high and occupied by 5 or more persons who do not form a single household. Anyway I believe that all kinds of HMO must still meet minimum fire safety standards. |
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29.6.2009, 21:26
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#7
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![]() Senior ![]() ![]() ![]() Group: User Posts: 85 Joined: 3.3.2009 Member No.: 37 |
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