Rent Changes

Welcome to Home Relief Bulletin Board

Monday  27 January  2020

by the Property  Team

Post No. 125

 

 

Rent Changes

How to increase or reduce rent

“There has been some news that in some places landlords/ladies are making the biggest rent increases”, a landlady told Home Relief.  The same landlady continued by saying this: “I want to increase the rent for my rented property”.

It might be true that rent is increasing in some places.  However, there are rules or legal steps in order to set up a new rent or increase rent.

Rules and practices to change rent

There are rules and practices for setting up and increasing rent for any rented property.  Most landlords/ladies should know these rules and legal practices.  Amongst them are the rent change notice (or section 13 notice of a rent increase) and rent review clause. 

If some landlords/ladies do not know or forget, there is a wealth of information on this subject they can tap into.  This information can be found online and via print (e.g. papers, books, magazines, etc).  Letting and managing agents as well as the local rent officer or authority can as well provide it. 

Additionally, rent should not always increase.  Rent can decrease depending on the conditions of the property, market, economic circumstances, property location, etc.  Landlords/ladies should as well consider the economic circumstances of their tenants if they really want to keep them.  Most landlords/ladies would love to increase their rent; however they should prepare to reduce it when the market conditions and the value of their property do not recommend or commend such an increase.

So, this week we will be working with landlords/ladies to look at the factors that lead to rent changes (increases or decreases).  The change of rent is not a one-way traffic or direction.  It is a two-way and opposite direction.  Often, it is seen only in the direction of increases even in the most difficult time like of economic recession.  It can increase; just as it can decrease.

What we are hoping to achieve this week

One can hope that at the end of this week’s work with landlords/ladies, they will be able to make the right decision as far as rent increases or decreases is concerned, so that their property could commend the right changing rent and value.  This right decision would as well help them avoid void periods, rent disputes with tenants; take recommended legal steps to change rent, etc.

Without overlooking or pre-empting the outcomes of this week’s work, let us briefly argue that it will enable landlords/ladies to ensure stability of tenancy, security of their investment, trouble-free tenancy over the entire agreed tenancy period, psychological preparation to cope with both increases and decreases in rent, etc.  

Want to know more about rent changes, why not work with Home Relief?

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout 2020.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

2020 Private Rental Elements

Welcome to Home Relief Bulletin Board

Monday  20 January  2020

by the Property  Team

Post No. 124

 

Private Rental Elements in the Era of Exiting Economy

The 2020 rental context is part of the process of the UK exiting the EU.  This exiting process is made of with various types of changes and new challenges that renters need to consider before renting a property.

This changing rental environment of the 2020 includes the following:

• The general rental framework relating to the exiting process

• Probable changes in rental legal elements

• Reactions of landlords/ladies with regard to the 2020 rental context

• Ways in which different private landlords/ladies interpret and apply the laws

• Part of immigration matter that affects renters if renters are immigrants or if landlords/ladies are taking immigrants

• The general reaction of the rental market in terms of rent elements

• Ways in which competing renters are reacting between them in this new environment

In brief, there is a combination of factors that will come into play in the private rental market. 

Some of these factors already exited in the 2010s.  However, with the new dimension of exiting economy, they can be favourable or unfavourable to some renters.

This week, we will be working with renters in understanding these factors and finding their way in securing the accommodation in those new rental terms and conditions in  2020.

For those renters who think that they need help to rent in the changing and exiting environment of the 2020s, they can feel free to contact Home Relief. 

By working with Home Relief, we can together discuss and explore ways in which this environment may affect them.  They can as well make the rental preparation (or strategy) they need to put in place so that the 2020 rental elements can work for them.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout 2020.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

2020 Private Renter Empowerment Tools

Welcome to Home Relief Bulletin Board

Monday  13 January  2020

by the Property  Team

Post No. 123

 

 

2020 Private Renter Empowerment Tools

Our work with renters about ways of improving the power they need for a trouble-free tenancy continues this week.

This week, the 2020 Private Tenant Empowerment campaign will be about the tools renters need in succeeding in securing the accommodation they want and in staying for the duration of their tenancy as planned.

One of the tools they need is a communication one.  It is pointless to remind ourselves that the way in which renters communicate with the would-be their landlords/ladies or letting/managing agents can matter a lot. 

To be a bit practical, we came across renters whose rental applications were rejected on the basis of either they could not properly communicate or they were rude or simply they were some kinds of lacking social intelligence skills in their approach to finding and keeping their rented accommodation.

One example we would like to highlight is the case of a landlady who rejected a tenant’s application not on the basis of reference, but on the basis of language or communication barrier.  This is what happened.

Need of empowerment: case of tenant’s application rejection because of language barrier

We had a landlady who instructed and agreed with us Finding Tenant Only Letting Terms; meaning that we would find the tenant, do all the checks, collect all the references and deposit (including the first month’s rent in advance), do all the paperwork and hand over the tenant to the landlady.  She would then manage the property by herself after the exchange or completion of contracts and handing over the keys.

Unfortunately, when the landlady came to the office to meet the prospective tenant, the latter could not properly communicate in English.  There was a break down in the conversation.  The landlady told us she would not consider taking the tenant since she would always need somebody in the middle to speak to the tenant; that there would be a high probability of misunderstanding regarding issues related to the management of her property (issues such as bin collection days, meter readings, rent book or record checks and other maintenance issues).  Sadly, the prospective tenant’s application was rejected on the basis of English language barrier.

From a rental perspective, this example shows how relevant or important for a tenant to properly communicate in order to gain access to a property and keep it regardless of the financial guarantee they may provide.

From a legal point of view, whether or not this case raises the issue of discrimination on the basis of inability to speak a language, it is a matter of discussion.  However, without being judgemental, this case reveals the importance of communication tool in the process of searching and gaining access to accommodation as a renter.

So, this week we are working on the empowerment tools for renters.  Language is just one of them.  There are many other tools that renters need to have to secure accommodation.  To find out more, please work with Home Relief.

If you are a renter and do not know what kind of tools you require or require to improve the tools you already have to give you the power and confidence you need to successfully rent, you can work with Home Relief this week on this matter.               

For those renters who have any issue about power relationships with their landlord/lady in their rented property, they are also free to contact Home Relief to discuss this matter. 

For those landlords/ladies who are concerned about the balance of power between them and their tenants, particularly those who are complaining about the power their tenants got or tenants lack some social intelligence skills to communicate with them, they can also work with Home Relief if they think these issues are problematic to a hassle-free tenancy. 

For those who want just to go in depth about private tenant empowerment tools, they are as well welcome to work with Home Relief should they wish to do so.

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout 2020.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Private Tenant Empowerment

Welcome to Home Relief Bulletin Board

Monday  06 January  2020

by the Property  Team

Post No. 122

 

 

Welcome back to all our property supporters, blog readers and web visitors.  We hope that you had a good festive break and wish you Happy New Year again!

After careful consideration of the issues that renters faced in 2019 and of those highlighted in our 2019 Review, we would like to start 2020 with one recurring issue, with what can be done to empower private renters in this New Year.

Empowering Private Renters in 2020

Being on low income bracket could mean many things.  It could mean that one has less or weak power on income wise or has a considerable budget constraint in terms of choice of the accommodation to make.

2020 could or should be a year to continue to empower low or ordinary income earners so that they can choose where they want to live, and for those who have small children they can decide where they want to raise them.

In the private rental sector, it is sometimes difficult to significantly empower renters as this could upset some home owners and landlords/ladies and reduce the supply of homes to rent.  It should not be the case or seen in this way if private tenant empowerment is trying to address the imbalance of powers between two contractual property parties (landlord/lady and tenant). 

At the statutory level, they were and have been some good initiatives in terms of supporting tenants in 2019.  They include both direct and indirect support. 

Examples of direct support include the ban of no fault evictions (through the Section 21), the removal of tenant fees, the reduction of the costs of deposit, etc.  The indirect backing consists of any measure or area of law that protects tenants such as licence to rent that landlords/ladies need to have, Help to Buy schemes to support ordinary people to become home owners, etc.

Besides that what else can be done to empower tenants or renters in the New Year.  They are few things that can be done or improved so that 2020 could be the year of no one left behind whether they are private or social renters in the rental ladder and market.

These few things could include the improvement of the existing facilities or platforms such as

√ Involvement of private tenants in conversion on property management

√ Private tenant advisory panels

√ Private tenant empowerment programme, etc.

These initiatives could as well be about

√ Giving new powers through boosting tenants’ understanding of tenancy rules by providing easily available and accessible information about tenants’ rights and obligations

√ Improving tenants’ knowledge and skills in the area of property rental

√ Supporting their social mobility so that they can change their status from low to medium and high income earners

√ Leads on funding information covering items such as deposit schemes, rent shortfall, insurance cover for low income tenants

√ Improvement in the way tenants understand legal terms and jargon

√ Better information for family tenants with children, etc.    

All the above support could be designed to empower low income renters.  One could make assumption that the more they are empowered, the more they become self-confident and can meet their rental requirements.    

So, the private tenant empowerment is what we have on the menu for this week to start off 2020 rental campaign. 

For those renters who have any issue about power relationships with their landlord/lady in their rented property, they are free to contact Home Relief to discuss this matter. 

For those landlords/ladies who are concerned about the balance of power between them and their tenants, particularly those who are complaining about the power their tenants got, they can also work with Home Relief if they think their tenants’ power is problematic to a hassle-free tenancy. 

For those who want just to go in depth about private tenant empowerment, they are as well welcome to work with Home Relief should they wish to do so.

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout 2020.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes