22nd November 2021
What Has The Pandemic Taught Us and How Has The Market Changed?
As of 1 July 2020 the new electrical safety regulation will come into being for all new tenancies. You will have until April 1st 2021 to comply on existing tenancies. The new regulations mean that landlords must ensure every fixed electrical installation is inspected and tested at least every five years by a qualified person. Here's a summary of a landlords responsibility under the new law: A landlord must obtain a report of the results of the inspection and test and supply it the teneants within 28 days and retain a copy until the next inspection is due. If requested, the report must be provided to the local housing authority within 7 days. Private landlords must supply a copy of the last report to any new tenant before occupation, or any prospective tenant within 28 days of a request from the prospective tenant. What about the lockdown? You are still required to complete the safety checks despite being in lock down. Proven breaches of the Regulations could result in the local housing authority imposing a financial penalty of up to £30,000 for each breach. It is possible to complete the checks safely at the moment, but it is essential that you ensure your contractor wears protective equipment to minimise the risk of contamination. If you need help arranging your inspections contact us today. We've got you covered. ...
Industry pundits are predicting a boom in rental movements, which leads to an uptick in rental income. Are you ready to earn more? If you're coming to the end of your tenancy agreement and you are thinking you might want to increase the rental income on that property, now might be a great opportunity to do that. If you have a property that is currently empty use this time to get it freshened up and enhanced so you can take advantage of market conditions. If the experts are correct, post COVID-19 lockdown will see a dramatic uptick in rental movement. If you need some help organizing contractors to visit your property during the lockdown, contact us and we'll get you rolling. ...
This is the message from the Ministry of Housing, Communities and Local Government as Agents go back to work. So, what should you know as a self-managing Landlord, or to make sure you are being protected by your agent? In a new document issued by the Ministry of Housing, agents and landlords are being told to do the following. "Endeavour to avoid ending tenancies where the tenant wants to, and is able, to stay.” My interpretation of this is, when the ‘non-eviction’ rules finish at the end of June, the Courts will still look unfavourably on any eviction process that is due in full, or part, to the impact of the Corona Virus. “Private landlords and letting agents should not conduct viewings in properties where tenants are symptomatic or self-isolating, or where it has been determined that they are clinically extremely vulnerable and shielding.” So, viewings can proceed only in line with social distancing rules and if the tenants are clear of COVID-19. “Visits to a property must be made in accordance with government guidelines on working from other peoples’ homes and social distancing.” If possible, any necessary repairs should be conducted in the period between a property being vacated and a new tenant moving in. If this is not possible, and visits to an occupied property are necessary, it should be done by appointment, with measures in place to ensure physical contact is minimised. That could mean residents staying in another room during the visit. Letting agents may also want to consider obtaining landlord and tenant consent for inventory clerk appointments to occur during vacant periods (before a tenant moves in, or...
What Has The Pandemic Taught Us and How Has The Market Changed?
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