Making Rental Steps

Welcome to Home Relief Bulletin Board

Monday  29 June  2020

by the Property  Team

Post No. 147

 

 

How to build back better your return from the lockdown

Many prospective tenants and landlords/ladies are still having problems to cope with side effects of the coronavirus pandemic and post crippling lockdown.  As far as renters are concerned, they are still wondering about the healthiest and safest way of renting a property.  Regarding landlords/ladies, some of them are still having unanswered questions such as thinking whether or not it is the right time to let their properties since they have to manage their own personal life from the adverse effects of Covid-19 and lockdown.

This week, we will be e-working with these two sides of the rental process so that they can steadily make again their rental steps as the unlocking of housing market continues.  The purpose of this week’s e-work is to support them find their appropriate pace and speed to build back better their return from the lockdown.

In a typical business scenario, a business that has been closed due to the coronavirus pandemic will prepare itself before reopening after the lockdown.  For individuals like renters and landlords/ladies, what kinds of preparation they can make to build back better their return from the lockdown?

This week, we will e-work with landlords/ladies and renters to find out the kinds of preparation they can make, especially for those who are still hesitant to take up steps in an unlocked housing market.

 

What this week’s e-work can achieve

One can hope through this week’s process of building back better return the following can be achieved:

√ Develop build-back-better-return goals and path

√ Regain the confidence lost in the housing market

√ Develop a plan to return safely and healthily

√ Invest in building back better

√ Manage the risks of return from the lockdown

√ Measure outcomes and results/benefits of returning

√ Set up a monitoring and evaluation process to deal with the return

Etc.

 

What difference this week’s process will make for landlords/ladies and renters

One could also hope that landlords/ladies and renters will be or become better

√ Self-confident with the new normal in the unlocked housing market

√ Aware about safe and healthy rental steps

√ Planners of their own return or returning journey

√ Investors in building back better

√ Managers of risks associated with the return

√ Monitors and evaluators of their own return

√ Checkers of their outcomes achieved during the return process

Etc.

Through this week’s activity, we will have the opportunity to share resources (both print and online) with landlords/ladies and renters; resources regarding making steps and progress in an unlocked housing market.

Need to build back better your return from the lockdown, this is an opportunity to e-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 the year.

Many thanks!

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

 

 

Private Rental Contract Changes

Welcome to Home Relief Bulletin Board

Monday  22 June  2020

by the Property  Team

Post No. 146

 

Rental Responses to Covid-19

Case of Private Rental Contract Change

 

There have been many ways of responding to the Covid-19 outbreak and its related consequences by both sides of the rental process (landlords/ladies and tenants).  Amongst these responses are the following: reduced rent, rent repayment plan, contract shift, early end of tenancy agreement, etc.

As some landlords/ladies and tenants continue to experience difficulties in their rental agreements and relationships despite the reopening of the housing market, there could be a need to look at some of these responses in terms of their effectiveness and problems-solving feature. One of these responses is contract change which will be the focus of our e-work this week.

Private Rental Contract changes

Usually, a tenancy agreement cannot be changed unless both parties agree to the changes.  If both parties agree, the change should be recorded in writing either by drawing up a new tenancy agreement or by amending the existing agreement.

In difficult circumstances like of Covid-19, contract change can be used if the two parties want to continue the tenancy under new terms.  One of the contract changes is a rolling tenancy.

A rolling tenancy is a statutory periodic tenancy that rolls each month, according to the rent period.  So, if a tenancy is paid monthly it will roll from month to month. 

Like in any tenancy, there are pros and cons regarding a rolling tenancy.  One of the problems of a month-to-month rental contract is the lack of security between the two contractual parties in terms of the length of stay in the property.

This week, we are e-working with landlords/ladies and tenants to explore the practicals in terms of contract change or shift to enable the two parties to cope with the Covid-19 pressure. 

What this week’s e-work will deal with

We will e-work on the following:

√ Needs assessment of contract change or change of tenancy terms and conditions

√ Determinants or parameters that preside over contract change

√ Contract change initiators (whether it is a tenant or landlord/lady who initiates) and implications for the initiator

√ Proceedings or process to change contract

√ Risks involved in contract change or amendment

√ Implementation of a changed or amended contract

Etc.

Additionally, we will be sharing the available resources (online and print) related to the topic of private rental contract change.

What this week’s e-work expects to achieve

One could hope that at the end of this week’s process, landlords/ladies and tenants will be…

√ Better aware of the advantages and disadvantages of contract change

√ Choosing the formula of contract change that is the most appropriate to command a less conflicting relationship

√ Avoiding further rental agreement pressure at this difficult time of the pandemic

√ Preserving the rental interests of each party

Need to e-discuss change of contract, why not e-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 the year.

Many thanks!

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

 

 

Rent Renegotiation

Welcome to Home Relief Bulletin Board

Monday  15 June  2020

by the Property  Team

Post No. 145

 

 

Rent Renegotiation

How to renegotiate rents during no evictions period

 

The Covid-19 rental fallout continues to arise.  This week, we are looking at this fallout through the demand from tenants for rent renegotiation.

As demand for rental properties has fallen while supply of the same properties has grown, this has led to the tendentious reduction of rents.  This is a situation of any market when supply is too higher than demand.  In such case, the price (here rent) is dictated by this market reality. 

It is not a surprise if tenants who are moving house or renewing contracts are demanding lower rents.  Likewise, those who have lost their jobs or earning capacity are asking for rent renegotiation due to the negative impacts of coronavirus.  Low income earners may be looking forward to low rents as well at this difficult time.

Whether it is a landlord/lady or tenant, everybody is feeling the pain or impacts of Covid-19.  However, to resolve any dispute or misunderstanding over rent, it is always good to seek advice or open minds for talks.  Because of the scenario that landlords/ladies and tenants are in here is of rent that was already been negotiated, then one can look at other options such as rent renegotiation to avoid an impasse.

If there is a zero option, then it could be better to renegotiate rent level since the two sides of the rental process are in unwanted or uncharted territory caused by Covid-19.  Renegotiation is important since evictions will not be allowed by the UK Government before the 23 August 2020.

However, how do you renegotiate what you have already negotiated and agreed as a legally binding contract?

In exceptional moments and circumstances like of a global health crisis brought by Covid-19, it is possible to renegotiate and agree exceptional arrangements and terms to adapt and mitigate the life-threatening and destroying impacts like the one caused by Covid-19.

This week, we are going to look at ways of setting up steps to renegotiate rental matters between private landlords/ladies and tenants to avoid or reduce the damaging effects that can be caused by a general tendentious reduction of rents due to the domino effect of coronavirus. 

Renegotiation could be the best least option and worth doing since Covid-19 is still there, and so far no medicine or vaccine has been found to cure it.  We are in a situation in which the economic landscape is uncertain and the rental sector has to live with Covid-19 effects for unknown period or deadline.

 

How this week’s e-work will help

This week, we will be e-working with both landlords/ladies and tenants having the issue of rent reduction or review to help them  on how to…

√ Prepare for rent renegotiation where it is possible to be done

√ Develop an agreeable rent renegotiation or repayment plan

√ Set up realistic and achievable aims and objectives in a rent renegotiation

√ If necessary, arrange a face-to-face rent renegotiation between the two while maintaining physical and social distancing rules

√ Secure the best possible outcome in rent renegotiation for both parties

 

What this week’s e-work can achieve

One could hope that at the end of this week’s process, landlords/ladies and renters will…

√ Improve their rental renegotiation skills

√ Avoid a total collapse of a tenancy in the midst of Covid-19

√ Save a mutually agreed tenancy

√ Reduce the loss of rents for landlords/ladies while motivating tenants to improve their source of income to meet current or renegotiated rents

√ Protect tenants’ rental history and credit score

√ Avoid rent strike from tenants’ part

√ Keep communication flowing between the landlords/ladies and tenants over rents

Briefly, this week’s activity is not to recommend renegotiation to either of the parties, but to facilitate rent renegotiation process where there is no any other viable alternative solution.

If you are a landlord/lady and have tenants who are asking for rent reduction or if you are a tenant making a demand for rent reduction, you can e-work with Home Relief on rent reduction issues.

  

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 the year.

Many thanks!

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

 

 

Covid-19 Rental Payment Fallout

Welcome to Home Relief Bulletin Board

Monday  08 June  2020

by the Property  Team

Post No. 144

 

 

 

Covid-19 Rental Payment Fallout

How to re-open the lines of communication between landlords/ladies and tenants in a reopened rental market

 

The domino effect of the Covid-19 storm is still yet to come since rental payment delays continue to pile up in a re-opened rental market.  There have been rental properties that are making late rent payments.

It is a problem for both landlords/ladies and renters when rental payments are made late.  What is sure is that not any of them would want to be in this kind of situation.  But, it is unfortunate this is happening with the Covid-19 exacerbating this situation. 

This week, we are going to e-work with the two sides of the rental process (a landlord/lady who is not receiving rent on time and a tenant who is delaying rent payment) in attempt to find ways out for a situation and circumstances which may be beyond the control of either of the two parties.

Our e-work will include the following areas of mutual and separate interests for the two:

√ Ways of re-opening communication channels between landlords/ladies and tenants during the rental payment crisis

√ The UK Government’s rules about eviction during the coronavirus pandemic crisis

√ Tenancy Deposit Schemes

√ Ways of reviewing and re-arranging rent payment schemes

√ Rent policy covers or insurances

√ Insolvency problems

Etc.

One could hope that through this e-working activity the following outcomes will be achieved:

√ Improvement of landlord/lady-tenant relationships

√ Safeguarding of vital communication channels between the two sides of the rental process

√ Reduction or elimination delays of rental payments

√ Potential removal of factors causing rental payment delays

√ Setting up clear targets and goals in terms of rental payment delays (e.g. maximum number of days or weeks or months acceptable by both parties)

√ Arrangement of workable and realistic rental payment schemes when tenants often falling behind their rents

√ Support tenants who are experiencing difficulties to pay rents with rent information and advice as the battle against the coronavirus pandemic continues

In brief, this week’s e-working activity will try to find ways of engaging the two sides of rental payment process by keeping the lines of effective and productive communication re-opened between them in a reopened rental market.

Need to maintain communication in a situation of Covid-19 rental payment delays and avoid rental payment fallout, why not e-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 the year.

Many thanks!

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

 

 

Restoration of disrupted lettings and rentals

Welcome to Home Relief Bulletin Board

Monday  01 June  2020

by the Property  Team

Post No. 143

Restoration of disrupted letting and rental activities by Covid-19

The coronavirus pandemic has affected the letting and rental patterns and habits.  Property viewings and inspections are not as it used to be.  The virtual way of dealing with property lettings and rentals has dramatically increased, to some extent, to the detriment of the physical aspects of the same activities.  The letting and rental worlds are now where remote working has become a norm.

Lettings and rentals are not exempted by Covid-19 disruption

The Covid-19 disruption has not exempted the normal lettings and rentals to the extent that one can talk about the new normal in lettings and rentals.  The disruption of the letting and rental processes by the coronavirus pandemic and the lockdown measures it has generated continue despite the recent reopening of the economy and the housing market.

This week, we will be e-working with both landlords/ladies and renters to restore the elements of these processes in which landlords/ladies and renters are directly involved or have a direct input.  The restoration or resetting of these elements will imply the understanding of letting and management activities in the new context of Covid-19 anti-measures and restrictions. 

For example: how to be a customer (landlord/lady) in a socially distancing and virtually letting environment or a tenant in increasingly virtual rental world?

What this week’s session hopes to achieve

One can hope that at the end of this week’s e-session, we will be able to repurpose our lines of property supplies and design lettings and rentals differently.  One could also hope that both landlords/ladies and renters will     

– Understand the coronavirus-induced letting and rental changing environment

– Adapt to the requirements of the coronavirus-led letting conditions

– Avoid misunderstanding between them (landlords/ladies and tenants) in matters such as viewings, inspections, etc.

– Improve the skills of landlords/ladies and tenants related to health and safety linked to Covid-19 outbreak

What results can be expected from this week’s activity

One could further expect that the following outcomes or results will be achieved:

√ Landlords/ladies and renters will become more and better informed about letting or renting in the era of Covid-19

√ Landlords/ladies and renters will stay safe and healthy when engaging in a letting or rental deal

√ Other persons or members of the public will be protected as well, especially when it is about group or family lettings/rentals

√ Landlords’/ladies’ will be protected and renters’ interests will be safeguarded

√ Safe and healthy relationships will be established in the future

√ Healthy maintenance of the properties let and managed

Etc.

Need help with your disrupted letting or rental plans, please e-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 the year.

Many thanks!

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