Property Checks & Inventories in the Era of Covid-19

Welcome to Home Relief Bulletin Board

Monday  10 August  2020

by the Property  Team

Post No. 153

 

 

How tenants can participate in the property checks and inventories under the constraint of Covid-19

Many areas of property letting and management have been affected by the Covid-19 restrictions.  The task of property checks and inventories is not exempted by the needs of protection against Covid-19. 

This week, we are working with prospective tenants and home seekers to highlight the importance of their participation in property checks and inventories.  In that participation, there is a need to build some evidence.

Taking Photos, Running a Video, Recording a Short Film before Moving into a New Accommodation

We are focusing on building hard evidence by taking photos, running a video and recording a short film before taking occupancy of property they are renting.

Before giving possession of any rental property, the landlord/lady or letting agents or even an inventory company/clerk will conduct with the incoming tenants a check-in inventory which will then be translated into an inventory report. 

What is an inventory report?

This report documents the property by detailing its current state and conditions including contents, descriptions, age, conditions of fixtures, fittings and furnishing.  The document may or may not be accompanied by digital media.

Both parties (incoming tenants and landlords/ladies or their representatives) would sign this document and their third-parties would witness it.

The relevancy of inventory report

This document, which is the third important document related to any tenancy (the other imperative documents being tenancy agreement and rent payment receipts), can  

help the tenants to claim back their deposit

be used as a reference for dispute over damages

safeguard tenants’ interests against unfair deductions from rent deposit

etc.

Tenants’ active and full engagement to checks and inventories

Because of its importance, the rental practice advises tenants to take active participation in the inventories (both check-in and check-out).  However, before physically participating tenants must be wearing the recommended protective equipment against Covid-19 and be aware of any Covid-19 strains of the property in which the inventory will be carried out.

Today with the digital and mobile technologies, it is possible and advisable to build hard evidences by adding to the print or online inventory report images, pictures and voices, without forgetting to date and name those evidences as well as inserting important notes.  You can use rich text media or visuals (such as videos, PDFs etc.) to strengthen your evidence.

Tenants can do the same documentation by having digital check-in and check-out inventories using a mobile phone, a camera, a tablet, an iPhone, or any digital device etc. 

The reason for digital check-in is beyond convenience, effectiveness and efficiency.  It is to avoid the problems we mentioned above to occur such as future major disputes over the state and conditions of the property, particularly over any damages which may be already in the fittings, furnishing and fixtures, or which may occur later  as an underlying issue or defect.  It can as well avoid disagreement whether the property and its contents were Covid-19 secure or not. 

For example, responsibility should be clearly established between the tenants and landlords/ladies (or their letting or managing agents) as to who should disinfect the property from any strains of Covid-19 in the check-in and check-out process.

Home Relief’s advice with regard to checks and inventories

Attention to details is not a fault but a gift.  When viewing and taking possession of any property, it is always better to check it carefully before moving in rather than relying on a snap piece of information like a quick tick-box format check-in inventory on some sheets of paper or online mail.  Where possible, run a video call or meeting with the landlord/lady or the inventory clerk about the property inventory, and record your meeting.

As a tenant, you need to fully and actively engage in the preparation and checking of the inventory report to avoid any controversy later.  With low-cost digital technologies in today’s market, it is even cost effective to just use an average mobile phone to take pictures, run a video or record a short film. 

The advantages of using a mobile phone in these circumstances are:

to capture any key moments of life (such as moving in a new property)

to mitigate potential conflicts with the landlord over any damages

to create the desirable impact and effect for your security, peace of mind and hassle-free tenancy. 

Don’t forget to insert a short summary or description and date your photos, videos, films and voices!    

Today, there are lots of online resources and sources of information on the matter.  You can go online to find them.

If anyone needs any check-in or check-out inventory or would like to involve Home Relief in checking their property to rent or rented property, contact 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

 

 

Keep up with Rent

Welcome to Home Relief Bulletin Board

Monday  03 August  2020

by the Property  Team

Post No. 152

 

 

Keeping up with Rent payments during Uncertain Times of Covid-19

How to save your accommodation

During any difficult times, there is always a tendency for rental payment commitment to be difficult to be kept, especially when renters are experiencing enormous income pressure. 

In times of exceptional crisis like of Covid-19, the possibility of delaying or failing to pay rent by renters is even highly probable greater.  In this exceptional situation of Covid-19 and rent fallout, it is possible for tenants to find ways of keeping up with rent payments.

This week, we are going to e-work with renters on possible ways of keeping up with rent payments during the life of their tenancy agreement despite the Covid-19 pressure. 

The aim of this week’s e-working activity

The main aim of this week’s e-working activity is to help renters save their accommodation by exploring ways of keeping up with rent payments within the difficult context of Covid-19 economic pressure, while respecting other contractual commitments as provided by the tenancy agreement and agreed appended documents to it.

What this week’s activity with renters will achieve

One can hope that the following can be achieved in the near future:

√ Avoidance of post-coronavirus eviction after the expiration of the probationary period of non-eviction as part of the measures to support renters set up by the UK Government during the Covid-19 period

√ Save renters’ tenancy and right to live somewhere

√ Protect renters’ credit history and reference

√ Keep renters’ accommodation in this difficult and uncertain time

√ Prevent any unnecessary costly legal actions in the near future   

√ Protect renters’ deposit protection money

√ Keep renters away from any other financial liabilities related to rent default

Etc.

Some of the tenants may be failing behind their rent payments or not simply paying rent not necessarily because they refuse to pay.  They may be facing personal circumstances beyond their own control like losing a job or earning capacity due to the coronavirus pandemic impacts and economic recession.  They may need to have access or knowledge about keeping up with rent payments.

Ways of keeping up with rent payments

They include the following:

√ Maintaining channels of communication with your landlord/lady or letting/managing agents

√ Setting up rent payment or repayment plans

√ Discussing rent postponement or delay options

√ Exploring insurance policies or covers on rent where renters could be eligible

√ Finding a person to guarantee rent payments

√ Proposing rent reduction to your landlord/lady

√ Researching rent guarantee schemes

√ Thinking of rent leasing,

√ Finding a new earning activity or reliable source of income, etc.

What is expected as outcomes or outputs from this week’s activity

One could hope that following this week’s e-work, renters will become…

√ Self-confident in keeping up with rent payments

√ Better informed on rent payment options

√ Active solutions-seekers to rent problems

√ Skilful and rent problems solver

Etc.

Need to find out or discuss how to keep up with your rent payments, you can consider e-working 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

 

 

Covid-19-Proof Private Holiday Rentals

Welcome to Home Relief Bulletin Board

Monday  27 July  2020

by the Property  Team

Post No. 151

 

 

Covid-19-Proof Private Holiday Rentals

Before renting a holiday accommodation, what you need to be aware of

Our Summer campaign on short-term rentals is still on as we are e-working on Covid-19-Proof Private Holiday Rentals this week.  We will be e-working with renters on what they need to know before agreeing to a private holiday rental, especially at this time of the coronavirus pandemic.  During this special time, renting a private holiday accommodation is not the same like in the pre-coronavirus period.

The purpose of this week’s work

This week’s work is to inform holiday renters about the new normal they may face in terms of health and safety in the private rental market when renting a holiday accommodation at this time of Covid-19 and partial lockdown.

It is also about providing the 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 things keep changing during this gradual process of the lockdown. 

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

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 in the Covid-19 predominant environment of Summer 2020.

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

√ 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 (e.g. whether or not their future holiday accommodation is Covid-19-Proof before they visit it and move in) 

√ How and where to find affordable holiday accommodation

√ Online holiday rental versus physical 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.

What’s more!

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. 

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 site. 

 

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

 

 

Post-lockdown Holiday Lettings

Welcome to Home Relief Bulletin Board

Monday  20 July  2020

by the Property  Team

Post No. 150

 

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 during the gradual lockdown.  We will be dealing with what landlords/ladies need to know before embarking on holiday lettings given the fact that the coronavirus pandemic has not been yet eradicated.

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 difficult time of gradual lockdown of the economy.

This week’s work will help them to find out that there is always a Covid-19 secure way of letting their properties as a holiday let during this pandemic period; 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 Covid-19 secure holiday lettings

Areas of interest and awareness for this week’s campaign about post-lockdown 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

• Safety regulations related to buildings and contents for letting purposes

• Health and safety measures related to Covid-19

• 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)

The above matters to be covered will be indicative only as landlords/ladies will be directed or signposted to relevant people or organisations dealing some of them.

What’s more!

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 against the coronavirus pandemic since the holiday letting market is still experiencing the negative effects of this pandemic. 

For those landlords/ladies who are already following health and safety restrictions related the coronavirus, they can still have the opportunity to enhance or share their practice on matters such as home disinfection against the traces of coronavirus, social distancing during viewings, face coverings for life-saving and necessary maintenance work, etc. 

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.

To add your spare holiday properties to Home Relief’s list, just phone or email or complete our online contact form on this site. 

To e-work with Home Relief on Covid-19 secure Holiday Lettings, just contact: https://homerelief.co/contact-us-2/

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 Secure Summer Short-Term Lets & Rentals

Welcome to Home Relief Bulletin Board

Monday  13 July  2020

by the Property  Team

Post No. 149

 

 

 

How to let or rent a property safely and healthily during the progressive lift of the lockdown

 

This week, we are focussing on short-term lets and rentals as part of our Summer campaigns for both landlords/ladies and home seekers.  The focus will be on any letting or licensing agreement that lasts less than six months or a few weeks or even one night only.  It will also be about adding extra security to this agreement by making it Covid-19 secure or compliant between the two sides of the agreement.

• Short-term landlords/ladies

Home owners and landlords/ladies don’t keep your property vacant over this Summer.  Already some of you have their property letting plans seriously and badly hit by the coronavirus pandemic and the lockdown.  Home Relief can work for you and make sure that your property brings some extra income in safe and healthy ways over this Summer.

If you are a landlord/lady and would like to let your property on a short term basis over this Summer, Home Relief is ready to take your instructions.  If you have some concerns about letting your property on a short term basis under the Covid-19 restrictions, Home Relief can work with you to put in place all the necessary health and safety elements to keep your letting and property Covid-19 secure and compliant.

During this period of the progressive lift of the lockdown and over Summer, we can safely and healthily market your vacant property and work for you so that you can benefit from an extra source of income or offset the loss of income you might incur due to the coronavirus pandemic. 

Our short-term lets cover temporary lodgers and holiday lets.  This is whether the letting is landlord/lady resident or non-resident.  Mostly important, we will make sure your short-term let is safe and healthy for yourselves and the incoming renters.

You can add your spare short-term properties (that is rooms, studios, flats and houses) to our list of properties to rent.

To add your spare property to our list, just phone or email or complete our online contact form on this site.

• Short-term renters

Home seekers, do you know that Home Relief is the right freelance agent where you can get your Summer short-term rental or holiday accommodation during this easing process of the lockdown?

In our short-term rentals, we include temporary lodgers, holiday makers, travellers and other short-term prospective renters looking for affordable and Covid-19 secure properties.

If you are a home seeker and looking for a short-term and Covid-19 secure rental, Home Relief can find a property for you.  Likewise, if you are a holiday maker and looking for Summer holiday accommodation for a few weeks to 2 or 3 months, Home Relief can search for you the one that is affordable and Covid-19 secure. 

Most of short-term rentals we can find for you would be fully furnished, Covid-19 secure and inclusive of bills related to utilities (gas, electricity and water), television, internet, etc.

You can register your short-term rental needs and plans with Home Relief.

To register your rental need, just phone or email or complete our online contact form on this site.

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

 

 

Rental Accounting Responsibility: Accounts Closure

Welcome to Home Relief Bulletin Board

Monday  06 July  2020

by the Property  Team

Post No. 148

 

 

Rental Accounting Responsibility: Accounts Closure

How to successfully close your rental accounts as an outgoing tenant as the lockdown eases

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 because of the current difficult situation caused by Covid-19.

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

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.

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 difficult time of Covid-19 side effects and controversial easing process of lockdown.

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, community charge (council tax), TV licence etc.

√ Establishing all your real incomes to cover your rental commitment for the tenancy period

√ Tracking of rental expenses including rent payments and Covid-19 expenses

√ Close all the balances on these accounts

√ Checking if there are in credits (someone else owes you) or in debits (you owe someone else)

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

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

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

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

 

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

 

 

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