More than 77,000 UK landlords will be shelling out a combined £95 million this month, as new occupancy laws come into effect from October 1, according to new research.
The legislation dictates that any landlord with a property housing five or more people must have a specific HMO license, whereas previously only those that housed five or more people and were three or more storeys high, had to have a license.
The changes to the law are set to affect over 160,000 properties, with 77,194 landlords being expected to apply for the new license according to a study by the Centre for Economics and Business Research conducted for Currys PC World Business.
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