Letting agency ordered to repay £31,000 over unlicensed HMO
Original Article Summary
A First-tier Tribunal has ordered Mio Real Estate Ltd to repay £31,436.23 to tenants through a Rent Repayment Order after operating an unlicensed HMO in Bethnal Green. The ruling highlights legal risks for letting agents operating rent-to-rent arrangements as regulatory enforcement intensifies. The post Letting agency ordered to repay £31,000 over unlicensed HMO appeared first on PropertyWire.
PropMatch Curated Analysis
First-tier Tribunal ordered Mio Real Estate to repay £31,436 for operating unlicensed HMO, clarifying that rent-to-rent operators assume full landlord responsibilities including licensing compliance.
Investor Relevance
Critical for HMO investors and rent-to-rent operators who face significant financial penalties (up to 70% of rent collected) for licensing breaches, with tribunals rejecting ignorance as a defence and enforcement activity increasing.
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