Why should you be licensed and what is required?
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Local councils have introduced 3 forms of licensing for rented properties:
- Mandatory Licensing
- Additional Licensing
- Selective Licensing
Additional Licensing and Selective Licensing are NOT how it reads! These are mandatory too. This can (and I reckon will) include any type of rented property. So if you own a flat which you rent out to a friend or you let rooms out in your own house you may need a licence.
Failure to get a licence is a criminal offence, a fine of up to £20,000, clawback of any rent received during the period without a licence and the refusal by the council for you to ever let the property out again...