Shared House Insurance FAQs
What is a multiple occupancy home?
A house in multiple occupation (HMO) is a rented property where at least three people who are not directly related by blood or marriage share facilities like a toilet, bathroom and kitchen.
If you are a landlord, you must contact your local council for a licence to rent out your property as an HMO. A licence is valid for up to five years.
Should I take in a lodger?
Under the government's Rent a Room scheme you can earn up to £7,500 tax free a year from renting out a room in your house. Nowadays many lodgers are simply young professionals who cannot afford to buy. They are looking for a good standard of accommodation in a high demand area.
Who is responsible for repairs in a house share?
The landlord is responsible for maintaining the property in a good state of repair. They will either take care of this directly, or if it is fully managed then via a letting agent. If however you damage the property by accident then you will likely have to pay for repairs, or the cost of repairs will be deducted from your deposit.