Longer Term Tenancies

Welcome to Home Relief Bulletin Board!

Post No. 255

by Your Freelance e-Property Letting Agency

tenancylonger

How to set up a longer term tenancy and to avoid back-to-back rentals over years

Generally, we get used to have both landlords/ladies and tenants agreeing a tenancy (an assured shorthold one) for six or twelve months with the possibility to renew it if both contractual parties agree the extension or rolling terms. Yet, there is another possibility whereby the two parties can agree from the onset or in the course of their tenancy to a longer term tenancy period for at least 2 years but less than 7 years.

~ Pros and cons about a longer term tenancy

There are pros and cons about a longer term tenancy. The pros are, it provides a stable income and savings in terms of effort and time for landlords/ladies. The cons are there could be a lack of flexibility, legal obligations to perform and low rent. These pros and cons can provide the reasons for landlords/ladies and renters to consider or not to consider a longer term tenancy.

~ Reasons for a longer term tenancy

For other reasons than just the above mentioned pros and cons, both landlords/ladies and renters may or may not want to take the option of longer term tenancy business model.

During this post-pandemic time, we have registered enquiries from home seekers who are looking for a stable and long term rental. We also have interests from landlords/ladies who are searching for a long term security of the letting in the form of longer term tenancy to avoid void periods (like the one some of them experienced during the coronavirus lockdown).

~ Dealing with changing needs of both landlords/ladies and renters

Despite this long term move, there are still landlords/ladies and home seekers who are hesitant to take the long term tenancy option. In order to deal with the situation whereby they are willing to adopt the option but are hesitant, we will be working with them on this matter.

~ Working with both parties on a longer term tenancy matter

Our work with them will be about finding ways of securing a longer term tenancy while making it attractive for both parties in matching needs between them over the agreeable period.

~ ~ Working with landlords/ladies on a longer term tenancy matter

Through this week’s work, landlords/ladies will have an opportunity to find out ways of accommodating longer term tenants’ needs, the kinds of comfort they may need to provide to attract them, the approach to tenants’ sensible requests, and of avoiding back-to-back rentals over years.

~ ~ Working with tenants on a longer term tenancy matter

On their part, tenants signing for a longer term tenancy will be able to plan the future. They can plan spaces and organise better themselves in their new homes as they have more time to live there. This enables them as well to avoid back-to-back rentals over years. They can better learn how to enter and maintain a longer term tenancy.   

~ Extra help and support  

This week activity will goes further in providing and sharing resources (online and in print) with both landlords/ladies and home seekers in terms of advantages and disadvantages in embracing the longer term tenancy business model. This will help them to make an informed decision and choice.

~ Contemplating to enter a longer term tenancy

If you are a landlord/lady or a tenant contemplating to enter a longer term tenancy and have no clues, Home Relief can work with you to set up this kind of tenancy and explain the terms and implications of entering such a contract.

~ Need a longer term tenancy period

Need a longer term tenancy period, please do not hesitate to 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

Summer Private Holiday Rentals

Welcome to Home Relief Bulletin Board!

Post No. 254

by Your Freelance e-Property Letting Agency

What you need to know before renting a holiday accommodation 

 

Our Summer campaign on short-term rentals is still on as we are e-working on Private Holiday Rentals this week. We will be e-working with renters on what they need to be aware of before agreeing to any private holiday rental, especially at this time of record-high costs of living and renting. During this adverse time, renting a private holiday accommodation is not the same like before the cost-of-living crisis.

 

~The purpose of this week’s work

 

This week’s work is about basic and advanced learning and knowledge on what it is required to rent a property in the ever changing rental landscape, which is still constrained by health and safety issues relating to the lingering effects of the coronavirus pandemic. 

This week’s work will indeed be about providing general information on holiday rental as well as specific details about renting a private holiday accommodation during this Summer 2022 of rising costs of living and renting.

 

~ A week of life-saving information, money-saving advice and informed decision making process

 

The week will be about continuing to inform holiday renters about any new life-saving information and practice they need to know in terms of health and safety in the private rental market when renting a holiday accommodation.

It will also be about providing the money-saving advice and tools to protect and safeguard their rental interest while reducing the risk of loss of income due to the lack of information and misinformation as the prices of goods and services keep changing during this extraordinary time of the soaring costs of living and renting. 

It will further help them make informed decisions and choices when looking or renting holiday accommodation whether they do it via Home Relief or private landlords/ladies or online/print searches or word-of-mouth recommendations.

 

~ What the e-work with renters will cover

 

Our work with them will cover the following areas:

√ Types of holiday accommodation

√ Areas of holiday accommodation

√ Sizes of holiday accommodation

√ Right to rent checks (via video and in-person)

√ Renting as a group or an individual or even a family

√ Costs of holiday accommodation (including rent inclusive or exclusive of bills)

√ Methods of payment including payments in advance, reservations and bookings

√ Holiday accommodation as a package or part of travel package

√ Essential safety to check for their protection (e.g. safety of the buildings and contents as well as buildings, contents and public liability insurances for holiday accommodation)

√ Key aspects of protection against the coronavirus pandemic in terms of property disinfection, household hygiene and other elements of cleaning in the context of a holiday rental

√ How and where to find affordable holiday accommodation

√ Online holiday rental versus in-person holiday rental

√ COVID-19-proof holiday rental process (from finding a place to rental completion to getting the keys).

The above matters to be covered will be indicative only as renters may have their specific demands and needs, in which case we shall try to customise the session on their request.

 

~ Extra help and support

 

This week’s activity will additionally provide some resources (both print and online) on private holiday rentals, as well as some leads to private holiday accommodation advisory services or providers. 

 

~ Rental applications

 

Those who are looking for holiday accommodation for themselves or a third party can register their needs of private holiday rentals.

To register your need of private holiday accommodation or for somebody else, just phone or email or complete our online contact form on this website.

 

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

Summer Holiday Lettings

Welcome to Home Relief Bulletin Board!

Post No. 253

by Your Freelance e-Property Letting Agency

What you need to know before you start your holiday lettings

 

This week, our Summer campaign on short-term lets will focus on Holiday Lettings. We will be dealing with what landlords/ladies need to know before embarking on any holiday lettings.

~ The purpose of this week’s e-work

The purpose of this week’s activity is to e-work with landlords/ladies who are planning to let their properties as a holiday let so that they can do it knowing the pros and cons, while minimising any risks and safeguarding their property interest and investment with peace of mind at this challenging time of the cost-of-living squeeze.

This week’s e-work will help them to find out that there is always a secure way of letting their properties as a holiday let during this stormy economic weather; way that is safe, healthy and hassle-free. To do that they need to be fully aware about the elements guaranteeing any secure holiday lets.

~ Areas of awareness about secure holiday lettings

Areas of interest and awareness for this week’s campaign about post-pandemic Holiday Lets will cover the following:

• Permission to proceed to a holiday letting including legal restriction and prevention from holiday lets for landlords/ladies

• Holiday letting as a one-off (or occasional) income generation or a business venture

• Lender’s consent on a residential mortgaged property for holiday letting

• General safety regulations related to buildings and contents for letting purposes

• Specific health and safety measures relating to holiday lets

• Tax matters for holiday lettings

• Buildings, contents and public liability insurances for holiday letting

• How and where to find holiday renters

• Holiday letting process (from finding holiday renters to letting completion)

• Maintenance and management of properties let to holiday makers and or renters.

The above matters to be covered will be indicative only as landlords/ladies will be directed or signposted to relevant resources, people or organisations dealing with some of these issues.

~ Extra Help and Support

This week’s activity will provide an occasion for landlords/ladies to have some resources (both print and online) on holiday lettings, as well as some leads to legal expertise on the matter. 

Additionally, there will be specific advice on areas of protection relating to the holiday letting market. 

~ Sharing practice and policy

For those landlords/ladies who are familiar with the holiday letting, they can still have the opportunity to showcase, enhance or share their practice. 

~ Registering your holiday properties

Landlords/ladies can take the opportunity of this week’s activity to add their spare holiday or short-term properties (that is; rooms, studios, flats and houses) to rent to Home Relief’s list of properties available during Summertime 2022.

~ Need help and support about your holiday letting

Need help about your holiday letting, please e-work Home Relief this week.

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

Tenants’ Rental Accounts Closure

Welcome to Home Relief Bulletin Board!

Post No. 252

by Your Freelance e-Property Letting Agency

How to successfully close your rental accounts as an outgoing tenant 

This week, as part of Summer Help to Rent, we are working with home seekers and outgoing tenants on the best possible way of closing their end-of-tenancy or rental accounts. This Help to Rent will also include those tenants who have decided to move out or terminate their agreement for other legally acceptable reasons.

~ End-of-tenancy rental accounting responsibility by tenants

Often, when a tenant signs up for a long-term rental agreement (such as a 6 months to 18 months assured short hold tenancy), they will be responsible for the payment of bills (e.g. gas, electricity, water rates, council tax, TV licence, phone. internet broadband, etc.) as well as the organisation of the way those bills are paid. If these bills are inclusive of rent; then they are paid when the rent is honoured.  

Depending on who is their landlord/lady or letting agent, tenants may or may not get help to close their rental accounts at the end of the tenancy or if both sides of the rental process (landlords/ladies and tenants) decide to end their agreement early. There are resources on how a tenant can terminate their tenancy. These resources mostly cover the legal side of the contract in matters such as notice to vacate than putting emphasis on accounting aspects of accounts closure.

~ The financial side of closing a rental agreement from the tenants’ perspective

In this week’s Help to Rent, we are going to deal with the financial side of terminating or closing a contract from the tenants’ perspective. 

If you have already been a tenant and you have experience on closing your rental accounts; that is fine. However, if you do not have experience in doing it, this could be a new area of learning. 

Some tenants can easily handle their rental accounts from the opening to the closure, while others may find it difficult, especially in the rental environment where there is constant change. That is why we are organising this activity to support them, particularly during this challenging time of the rising costs of living to the extent that asking someone else to audit your end-of-tenancy accounts could be an extra expense to bear.

For those who have not been in the process of closing their rental accounts before and those who are finding it hard to close their rental accounts, we are working this week to support them in this area of rental accounting responsibility.

~ Help to successfully close your rental accounts

Working together with renters to close the rental accounts they first set up at the start of their contract will include the following activities:

√ Listing all the rental accounts that made their tenancy period

√ Identification of rental payments related to utility and telecoms suppliers (including internet broadband), community charge (council tax), TV licence, etc.

√ Establishing all your real incomes to cover your rental commitment for the tenancy period, using the referencing criteria

√ Tracking of rental expenses including rent payments and inflation-adjusted expenses because of the rising costs of living

√ Close all the balances on these accounts

√ Checking if there are in credit (someone else owes you) or in debit (you owe someone else)

√ Verifying if there are any missing outstanding amounts or debts from you part

√ Analysing your rental accounts if there is any surplus or deficit

√ Dealing with rental accounts online and offline

√ Finding out any accounting and financial mistakes done in handling your accounts

√ Reviewing rental budget including money puts aside for potential damages and repairs

√ Looking at any evidence in the form of receipts, bills, invoices, financial statements, videos, text messages, voice records, films, inside and outside property pictures, rental guides and tools that helped tenants to effectively and efficiently manage their rental accounts.

~ Benefits for a good rental accounts closure

There are benefits for properly closing your rental accounts; benefits which include:

√ Reduction and avoidance of potential conflicts with your landlord/lady or their agents

√ Saving money with companies supplying services to your next rental

√ Protection for your deposit

√ Safeguarding your reference and credentials

√ Keeping secure your credit scores and check file and profile

√ Avoiding frictional and confrontational moving out

√Above all, enjoying a hassle-free tenancy closure and peace of mind.

~ Need help to close your rental accounts

Need help to close your rental accounts, please e-work Home Relief this week.

Need to check about rental accounts already set up, please also e-work Home Relief this week.

~ 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