If I purchase an existing unlicensed HMO that should be licensed, what are the legal risks to me as a new landlord, and can I transfer or retrospectively apply for the license?
Quick Answer
Buying an unlicensed HMO can lead to unlimited fines, rent repayment orders, and possession difficulties. Licenses are non-transferable; new owners must apply for their own license immediately upon purchase.
About This Topic
New landlords buying unlicensed HMOs face unlimited fines, rent repayment orders, and possession issues. Licenses are non-transferable; a new application is required to comply from day one.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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