Reside General Manager Toby Martin rounds up rental market activity in July 2021. A month of frenetic rental activity resulted in Reside’s busiest July since the company opened in 2008. July 2020 had set a new high for lets agreed over the course of the month, but this year proved busier still. New applicants registering for properties
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Reside’s Toby Martin dives into the puzzling world of minimum energy standards in the private rental sector, and how they apply to Listed properties. By law, any rental property must have an energy efficiency inspection carried out in order to place the property on the rental market. The energy efficiency of the property is graded
Reside General Manager Toby Martin rounds up rental market activity in June 2021. Market Update The rent trend of high tenant demand versus low property supply continued during June 2021. Competition for properties reached such heights that our average letting time between listing a property on the market and having an offer accepted by the
Reside’s Toby Martin explains why video tours have risen to prominence over the last 18 months. When England went into its first national lockdown in March 2020, it prompted a significant change to our industry. For years, property agents have relied on glossy promotional photos and in-person viewings to sell or let properties, but our
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Reside General Manager Toby Martin explains the impact of the government’s new debt relief initiative. May was Mental Health Awareness Month, a very apt time for the government to launch the Debt Respite Scheme, also known as ‘Breathing Space’. The purpose of the scheme is to provide a temporary period of respite from creditor action
General Manager Toby Martin rounds up the month of May, with news of new notice periods for landlords, the Queen’s Speech and more. Reduced Landlord Notice Periods As of the 1st of June 2021, notice periods for landlords have decreased from six to four months. The government temporarily increased notice periods to six months in
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General Manager Toby Martin breaks down exactly how to tell if your letting agent knows their onions. If your boiler broke down, what would you do? The chances are you would find a Gas Safe plumber to fix it for you – someone suitably qualified, who you can trust to carry out a quality job.
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The government has announced that landlord notice periods will be reduced to four months, starting from the 1st of June 2021. Under temporary legislation introduced in August 2020, notice periods were initially increased to three months, and more recently to six months, to provide tenants with greater security in their homes at the height of
Those who tuned into the Queen’s Speech on the 11th of May can be forgiven for missing the very brief promise to ‘enhance the rights of those who rent’ – seemingly a very general pledge to review standards across the sector. A delve into the detailed briefing notes, however, reveals three details that will
Tenant Demand Reaches A New High Despite rarely having more than four properties on the market at any one time, we let more properties during April 2021 than in Aprils 2014, 2015, 2016, 2017, 2018, 2019 and 2020. Tenant demand is outstripping supply to such an extent that we are receiving multiple offers on most
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