25/10/2022
Do you own a property in any of the following boroughs? 🏠
Barking and Dagenham, Bexley, Barnet, Brent, Camden, Ealing, Enfield, Greenwich, Hackney, Hammersmith and Fulham, Haringey, Harrow, Havering, Hounslow, Islington, Kingston upon Thames, Lewisham, Newham, Redbridge, Southwark, Tower Hamlets, Waltham Forest and Westminster?
If so, there is a high chance you’ll need a licence to rent out your property !! 📄
All of these boroughs have some sort of licensing scheme in place. From Selective Licensing (any private rental property requires a license) to Additional Licensing (a HMO licence which is required if the property is let to 3 or more tenants who aren’t related) and Mandatory HMO Licensing scheme (licence which is required if the property is let to 5 or more unrelated tenants). 📆
What happens if you don't licence the property?
- You risk being prosecuted by the council and if found guilty this could lead to a criminal record and unlimited fines.
- The council could issue a civil penalty notice of up to £30k for not having the correct licence in place without warning!
- You could be subject to a Rent Repayment Order (RPO) and may have to repay up to 12 months of rental income.
- Whilst unlicensed you won’t be able to evict your tenants via section 21.
Not worth the risk if you ask us! 💷
We offer a licence application handling service so if you find all of this a bit daunting and you need any help or assistance with any of the above then do reach out. 🆘