Course of the Month - HMO Fundamentals - eLearning

Owning and managing a House in Multiple Occupation (HMO) can be more profitable than a single let, however the regulatory framework is much more stringent.

With the  strengthening of rules regarding civil penalties and Rent Repayment Orders, financial penalties for getting it wrong  have increased significantly.

Local authorities can already levy substantial fines on landlords and managers who fail to meet their obligations, and will now who have greater powers under the Renters' Rights Act.

Owning and managing a House in Multiple Occupation (HMO) can be more profitable than a single let, however the regulatory framework is much more stringent.

With the  strengthening of rules regarding civil penalties and Rent Repayment Orders, financial penalties for getting it wrong  have increased significantly.

Local authorities can already levy substantial fines on landlords and managers who fail to meet their obligations, and will now who have greater powers under the Renters' Rights Act.

HMOs and the Renters' Rights Act

The Renters' Rights Act brings particular challenges for HMO landlords. The end of fixed-term tenancies, the two months notice period and new rules around rent in advance will all affect how you manage your properties.

And if you run student HMOs there are also new rules around ground 4A to contend with to ensure you can get your property back at the end of the financial year.

Understanding these changes, alongside existing HMO regulations, is essential when it comes to  staying compliant and protecting your investment. 

This course will help you to:

• Understand the liabilities and responsibilities of an HMO landlord or letting agent
• Set up an HMO tenancy agreement correctly
• Manage tenancies effectively, including the importance of inspections and tenant obligations
• Deal with anti-social behaviour in an HMO
• Navigate possession procedures, including changes being brought in by the  Renters' Rights Act.
• Understand how EPCs, tax, insurance and accreditation apply to HMOs

Our eLearning courses allow you to study at your own pace at a time and place to suit you.

The course costs just £100 for members and £130 for non-members.

Click here for more information and to sign up.

More information

• When it comes to property standards Safe2 is the NRLA's one stop shop for all things compliance, allowing you to order any required safety certificate with just a click of a button. For more information click here. 

• To help get ready for all the changes coming up under the new Renters' Rights Bill visit our exclusive member hub here, or why not take our Renters' Rights Bill training course to help you prepare.   

• Accreditation: Learning with the NRLA allows you to accrue continuous professional development (CPD) points which can help towards becoming accredited with the NRLA. NRLA Accreditation recognises landlords who have agreed to maintain professional standards in the management and maintenance of their rented property and deal fairly and professionally with their tenants. You can find out more by clicking here.   

• For more details of courses on offer from the NRLA's award-winning Training Academy click here.