Lettings

On 7th November 2023, the King’s Speech marked the opening of a new session of Parliament. In his first address of this nature, King Charles III announced the Government’s key priorities for the year ahead and with a General Election expected within the next 12 months, the contents were hotly anticipated.

We have been charting the progress of the Renters’ Reform Bill since it was announced in 2019 during Theresa May’s tenure as Prime Minister. In late October 2023, a little more progress was made and the Bill had its second reading in the House of Commons.

The features we assume tenants are looking for and what actually ticks their boxes can be two very different things. To establish the most in-demand aspects, Rightmove examined more than 600,000  property listings, looking at what was mentioned in the property description in relation to the homes with the highest number of enquiries.

Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.

Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.

May was the month when the Renter’s Reform Bill was introduced to Parliament. The Government has a deadline to keep as it wants the contents to become law before the next general election, which has to happen by 28thJanuary 2025.

Life has got more expensive for the majority of us and a review of finances is frequently needed to ensure we’re balancing the books. This is especially true for landlords who, for the first time in many years, will find mortgage rates have doubled since they last looked at home loans.

Making a ‘house a home’ is a saying that applies to everyone, including tenants, but there is often confusion over what a renter can do to a property in terms of DIY and decorating. In this blog, we explain how a tenancy agreement will provide clarity, and we’ll suggest a number of ways to personalise a rental property without making permanent changes.

The new year has certainly started on an upbeat note for the lettings sector. A survey by Finbri found more than 50% of UK property investors intend to expand their property portfolios in 2023. 

There is no shortage of online energy guides detailing how to reduce energy consumption and lower fuel bills but much of the advice is aimed at homeowners. While installing solar panels, air source heat pumps and cavity wall insulation are good ideas, they aren’t the sort of home improvements tenants are always able to make.

Any letting agent worth their salt will undertake reference checks on potential tenants. Referencing is a vetting process to ensure only the most genuine, trustworthy and financially-sound renters can reserve a property.

The latest Statistical Briefing from The Dispute Service – which uses data from the Tenancy Deposit Scheme, SafeDeposits Scotland and TDS Northern Ireland – has highlighted the top three reasons for deposit disputes across the UK during 2021-2022.