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> just a quick question
bigbird
post 12.2.2009, 23:55
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Hello!

I am newbe in buy to let mortgages, pelase can you tell me: What is HMO?
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Konek
post 16.2.2009, 0:29
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QUOTE (bigbird @ 13.2.2009, 1:55) *
What is HMO?

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.
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bigbird
post 17.2.2009, 0:07
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QUOTE (Konek @ 15.2.2009, 23:29) *
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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Solomon51
post 6.3.2009, 10:13
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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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IvoLets
post 28.3.2009, 20:47
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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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Dandelion
post 8.6.2009, 7:06
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QUOTE (Konek @ 16.2.2009, 1:29) *
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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Lisa
post 29.6.2009, 21:26
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QUOTE (Dandelion @ 8.6.2009, 8:06) *
Anyway I believe that all kinds of HMO must still meet minimum fire safety standards.


Yeah, like any other rented property.
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Lo-Fi Version Time is now: 12.2.2012, 10:58