Within London are plenty of different licensing rules giving confusions on what particular license is fit and applicable for your property or if it even needs a license at all. There are factors that needs to be considered some of these are:
- Where in London it is
- Who lives at the property
- How big the property is and how many story it has
For instance, if you have 5 tenants occupying your property with more than 3 floors and a House of Multiple Occupancy license is the best fit for your property.
Rules and legislations are rapidly changing nowadays in the lettings market that is why landlords need to keep on track on to recent changes to ensure that their property is properly licensed in accordance with the new laws or else they can be fined or even face a civil action for disobedience to the law. Rules today are updated from time to time with more strict policies, this is to enhance the level of residential lettings into a higher standard and quality business in the market. And because of this many areas in London are operating additional and selective type in the licensing scheme to ensure that standards are still maintained in the private rental sector. This license can be applicable to any type of properties regardless in the number of tenants, however it still depends on what area.
Selective Property Licensing
The Selective Licensing scheme aims to focus on the anti-social behavior of tenants. This program is implemented covering a vast area in London and is compatible to all rented accommodation and not just the HMO.
Additional Property Licensing
The Additional Property licensing is for properties that failed the HMO licensing. Today almost 1/3 of London boroughs are able to have these licenses in coordination with others, that is why landlord must be watchful to updates and changes being made to the licensing legislation.