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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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
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Bath Rental Market Review: January 2023 A packed monthly roun...
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
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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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AWARDS RECOGNITION FOR RESIDE We are delighted to have been recognised as the leading Bath lettings agency in the recent Bath Property Awards, an annual event hosted by Mediaclash (the terrific people behind Bath Life, Bath Boules) to celebrate the city’s property sector. In an enterprising online ceremony, the panel of local judges commended Reside on
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The Sofa to Summit challenge caught my eye as a way to become more active whilst fundraising for a cause that is close to everyone’s hearts right now. The NHS and the RUH have been spectacularly stretched since early 2020, and it will feel good to do something, no matter how small, in recognition of that.
Evictions on hold The government has announced a further extension to two pieces of temporary legislation, both brought in to provide tenants with greater security in their homes during the pandemic. The ban on evictions, which had already been extended, will now run until the 31st of May. Until then, evictions can only be enacted
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In this video, Reside’s Toby Martin summarises the main points of interest in the 2021 Budget for landlords and tenants. These key points include the extension to the stamp duty holiday, the upcoming increase in corporation tax which may affect a very select few landlords, and a question mark over the future of capital gains tax.
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There has been continued demand for rental properties in Bath throughout February 2021, maintaining the trends we saw in January when demand outstripped supply. Smaller, more ‘typical’ investment properties have let very easily throughout the month, and while there has been fair demand for family homes, there have been precious few available on the market.
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