A House in Multiple Occupation (HMO) is a freehold or leasehold property where 3 or more tenants reside forming more than 1 household. Tenants share a lavatory, bathroom or kitchen facilities with other tenants and a HMO licence is required. The Solicitor will be required to ensure all relevant Planning/Change of Use requirements for its proposed use are in place on Completion. Shared Houses considered with rental assessment on a room-by-room basis.
Small HMO (Available in CHL 1 & CHL 2 ranges)
At least 3 tenants reside forming more than 1 household. Must need minimal adaption to sell as a family home.
Large HMO (Available in CHL 2 range only)
At least 5 tenants reside forming more than 1 household or any HMO that needs considerable alteration to sell as a family home.
Related words: House in multiple occupation, share, student, property