NEWS: Yet more regulation likely on size and licensing of homes to let
The government has announced more regulation changes applying to landlords letting out properties – these proposals are now being consulted on but are likely to be implemented from next spring.
There will be a minimum room size of 6.52 square metres for one person and 10.23 square metres for two people; the measurement would be for ‘usable’ space so would exclude any parts of a room where ceiling height is under 1.5 metres.
Rules regarding shared houses – so-called Homes In Multiple Occupation – are also changing, with mandatory licensing rules likely to apply to all shared homes with five or more people from two or more households, and to flats above and below shops.
Landlords will also be required to improve the storage of rubbish to avoid tenants’ wheelie-bins being an eyesore in residential streets.
Although owning a buy to let remains a potentially profitable investment for amateur landlords, the increased number and complexity of regulations like these confirm the need for instruct reputable letting agents to manage properties and help find and vet tenants.