Co-living Homes and the Cost-of-living Crisis

Welcome to Home Relief Bulletin Board!

Post No. 245

by Your Freelance e-Property Letting Agency

coliving

How to minimise the detrimental impacts of the cost-of-living crisis on co-housing setup

This week starting 16 May 2022, we will be working with those renters who have been forced to take the co-living path/option in the property market. We are as well going to work with private landlords/ladies who provide or may want to provide co-living accommodation. There are reasons why the two sides of co-living agreement may want this sort of arrangement.

Why do renters co-live and landlords/ladies provide co-living properties?

Not everybody can afford to rent outright the full house or flat by themselves. Those living on low income may be forced to share with others. They could as well have serious other reasons pushing them to go co-living. Amongst the co-living renters, there are young people, students, families, older generation, etc.

Landlords/ladies may too have their own motive that leads them to provide this sort of accommodation. It is could more convenient or cost-effective for them to invest in this sort of co-living properties than to letting and managing other types of properties. 

Whatever the reason both landlords/ladies and renters may have, they need to understand this rental model before embracing it.

What is a co-living home?

Within the property jargon or literature, co-living home is on average defined as a residential home living model that accommodates two or more biologically unrelated people or individuals. It is part of sharing economy and can have some benefits such as access to locations (or areas) and properties that a co-living renter may otherwise not afford. However, like any other products or services in the housing market, the co-living rental model has not been exempted from the damaging effects of the current cost-of-living crisis.

Cost-of-living crisis as a challenge or opportunity to co-living setup

The cost-of-living crisis could be a challenge or an opportunity for the two sides of the rental agreement.

~ Landlords/ladies and the cost-of-living crisis

The cost-of-living crisis could be an opportunity for landlords/ladies to raise rent and services related to their property to match up the current level of inflation. On the contrary, it could be a challenge if they are not able to meet the cost of running their property or upgrade it.

~ Co-living renters and the cost-of-living crisis

The cost-of-living crisis can be a challenge for renters who may have to face rising rent, utility bills, council tax and other services linked to the property they rent or may rent. On the other hand, it could be an opportunity for them if they receive support towards their rising rental costs.

So, a co-living rental model could have some challenges to address and opportunities to take for both landlords/ladies and co-living renters.

Navigating way out the challenges posed by the cost-of-living crisis

This week, we are going to work with both landlords/ladies and renters to find out ways of minimising the impacts of the cost-of-living crisis on co-living homes. 

After working together with them, one can hope that each party will be able to navigate their own way out any negative impacts from the cost-of-living crisis on the co-living rental setup. 

Interested in the topic of Co-living Homes

Those landlords/ladies and renters who would be interested in this week’s topic of co-living homes, they are free to contact Home Relief.

Need help and support about Co-living Homes this Spring

Those landlords/ladies and renters who would need some help and support about Co-living Homes, they are also free to contact Home Relief.

Need us to visit your property and advise you on co-living matters, please work with Home Relief.

Looking for an affordable location and home

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, please 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

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Compliance in Rental Homes

Welcome to Home Relief Bulletin Board!

Post No. 244

by Your Freelance e-Property Letting Agency

How to manage compliance issues

This week’s planned work with landlords/ladies will be on property compliance issues, on landlords’/ladies’ obedience in terms of the overall condition of the property and its contents. This week’s work builds on the Safe Rental Homes which we dealt with last week.

Standards and regulatory obligations regarding rental properties

There are standards and regulatory obligations as far as rental properties are concerned. Most professional landlords/ladies would make sure that their rental properties comply with these legislation and regulatory standards.

However, since the coronavirus broke out, there have been two phenomena. On one hand, many rental properties have been made COVID-19 compliant. On the other, there are still properties on the market that are failing the compliance test for the pre-coronavirus compliance area.

At this current level of market knowledge and information, it is difficult to assert that this lack of compliance has been the result of the pressure that the coronavirus or the current cost of living crisis has put on the rental sector and landlords/ladies in particular. Whether the coronavirus or the cost of living crisis has brought enormous pressure to everything and body, this should not be an excuse for not to comply with rental legislation and regulatory standards.

As part of the process of supporting landlords/ladies, but not to punish them, Home Relief will be working with those of them who are experiencing some difficulties in this area of compliance.

Working with landlords/ladies having compliance difficulties

Our work with them will cover such areas as

∝ Safe rental properties

∝ Habitable condition (to check for potential compliance issues and hazards such as damp, smoke alarms, poor living conditions, etc.)

∝ Sector regulation on compliance issues

∝ Serious versus minor compliance issues

∝ Property inspections and reports

∝ Evidence about the overall condition of the property and its contents

∝ Permitted or legal tenants

∝ In-person versus virtual property visits

∝ Records of inspections and reports

∝ A comprehensive inventory

Etc.

Extra help and support

Additionally, we shall share with landlords/ladies the mosaic of both print and online resources on the matter of compliance.

What this week’s work with landlords/ladies will achieve

One can hope that at the end of this week’s process, landlords/ladies will know where they stand on the compliance matter.

Need help about compliance in rental homes this Spring

Those landlords/ladies who would be interested in this week’s topic of compliance, they are free to contact Home Relief.

Need us to inspect your property and advise you on ways of fixing issues relating to compliance, please work with Home Relief.

Looking for an affordable location and home

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, please 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

 

propap

Safe Rental Homes

Welcome to Home Relief Bulletin Board!

Post No. 243

by Your Freelance e-Property Letting Agency

How to make your private rental homes safe

This week, we are going to work with landlords/ladies on their contractual obligations to keep their rental properties safe.

COVID-19 and cost-of-living crises should not be an excuse for unsafe properties

It is possible that the current cost-of-living crisis, which has followed the COVID-19 disaster, may not make things easy for everybody including landlords/ladies. However, this should not be an excuse to have unsafe properties or not carry out life-saving repairs. Saying that is not about blaming anybody. It is just about responding to some demands from renters for safe conditions of living.

Ways of responding to renters’ request for safe living

There are many ways in which landlords/ladies can respond to renters’ demand for safe conditions of living.  Our response is about working with private landlords/ladies who are interested and experiencing safety issues with their rental properties so that these issues can be fixed.

In fact, most landlords/ladies and/or their letting/managing agents would be aware of the Health and Safety Standards for Rented Homes (HHSRS) and the Homes (Fitness for Human Habitation) Act 2008. 

The Act states that landlords/ladies should keep their properties safe, healthy and free from things that could cause serious harm. However, being aware of something is not the same as taking action to deal with problems if there are any safety issues that arise.

Areas of safety or concern by tenants/renters

As part of work with landlords/ladies, we shall discuss together the following areas of safety or concern by tenants at this challenging time of the cost-of-living crisis:

σ Hazards in a rental property that can affect renters’ health and well-being

σ Property improvements and repairs

σ Consequences of failing to fix unsafe properties

σ Remedial actions to be taken

σ Consequences of avoiding fixing the safety problem

σ Fine related to unsafe rental properties

Etc.

Extra help and support

During our work with landlords/ladies, they will as well have the opportunity to revisit or regain access to both print and online resources relating to safe rental properties. Support will be given in terms of the understanding of these materials and implications for safe rental properties.

Those landlords/ladies who would like to dip into the issue of safe rental homes, they are free to contact Home Relief.

Need help about safe rental homes this Spring

If you are a landlord/lady and needs some help about the safety issues of your rental properties, why not work with Home Relief?

Need us to inspect your property and advise you on ways of fixing issues relating to safety, please work with Home Relief.

Looking for an affordable location and home

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, please 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