Demand from Tenants and Rental Supply Highest on Record for June

Numbers of Prospective New Tenants Continuing to Rise

The June edition of ARLA Propertymark's Private Rented Sector Report found a record number of prospective tenants registering interest with agents - a year-on-year high for this time of year. Whilst the market typically begins to slow in June for the summer months, this year's surge on account of the coronavirus means that we expect the next few months will be busier than usual.

Phil Keddie, ARLA Propertymark's President agrees. 'Our latest figures show that the rental market is continuing to pick up following the COVID-19 lockdown. The record-breaking supply of rental stock and demand from tenants for this time of year paints an optimistic picture for the summer months, indicating that the market will be more active than the usual seasonal lull.'

There are also more properties on the market now than is typical for this time of year which means that you're best placed to market your property with a smaller agency who can give you a more focussed and attentive service to get your property let quickly.

To have a chat about how we can help, give us a call on 0203 488 0224.

Electrical Safety Certificates Now Required

First Phase of New Electrical Safety Regulations Comes Into Force

As detailed previously, electrical safety inspections are required for all new tenancies from 1st July 2020. This means that if your property is currently being marketed for rent, it will require certification to ensure that the electrical installations in your private rented property are safe and compliant.

The certification requirement for existing tenancies will not come into force until 1st April 2021 and certificates will be valid for 5 years.

Our team of highly trusted, recommended and competitively priced tradespeople - have been busily servicing our landlords over the past few months to ensure their properties are compliant with this latest legislation.

To fully appreciate our fabulous team, fantastic rates and transparent pricing - contact us using the link below:

Government Extends Eviction Ban

Support for Tenants and Landlords Extended until 23 August - Update

As preparations begin for the easing of lockdown across England, the government have also recognised that tenants and landlords continue to require support in these extraordinary times.

It was announced yesterday that the three month suspension currently in place on all new eviction proceedings will be extended for a further two months.

The two month extension will come into force on 25 June, when the previous three month extension, originally announced in March, was due to expire. The mortgage payment holiday offered to landlords has also been granted the same extension.

It is expected that new eviction hearings will be heard by the courts starting from the end of August.

If your tenants have been financially affected by the coronavirus and unable to pay their rent, reach out and contact us. We’ve been successfully helping our landlords to manage their tenants and properties throughout this difficult period and you will find all the information and support that you need when you call us.

Full details on the two month extension are available through the link below.

Rental Sector Resumes Business... with Plenty of New Tenants

Our Commitment to Safe Viewings and Move-Ins

As the lettings industry officially resumed business earlier this month, we’ve adapted our procedures quickly to adopt the government’s recommendations for safer working.

Using PPE, hand sanitisation and frequent washing and through observing social distancing and conducting viewings only when a property is vacant, we’re able to continue delivering the exceptional service our landlords and tenants know us for.

Additionally, with 5 new tenancies commencing for Maplewood landlords in just the first 10 days of the ‘new normal’, we are anticipating that the next few months will be busy. We also expect to see the sales market pick up again as mortgage lenders reopen and property surveys resume.

Maplewood Property can take on the management or sale of a property at any time - even with tenants in place. Many owners have seen the benefits of using us even (or especially) during Covid-19.

To discuss how we can help you, call us on +44 (0) 203 488 1224 or get in touch via the link below.

Keeping Tradespeople Safe During Covid-19

How to Support Safe Working for Tradespeople throughout Coronavirus

As we highlighted in our recent post on frequently asked questions from landlords, wherever possible, it is still mandatory to ensure your property is safe and compliant with all current rental and safety legislation.

Our advice has been to carry out any necessary works and checks for energy performance, gas and electrical safety certificates to empty properties between tenants to ensure the safety of our valued tradespeople. Where this has not been possible because a property has a current tenant, we are facilitating the tradesperson and tenant coordinating access and discussing the best arrangements.

Typically, the tenant has chosen to take a walk or do their shopping during the visit to allow the tradesperson safe and unrestricted access to the property whilst they undertake the necessary works. Deliveries of replacement parts and materials are being similarly coordinated.

In carrying out these measures with we’ve been able to keep our landlord’s rental properties safe and compliant - and also keep our trusted tradespeople in work.

The government has produced comprehensive information on safe working practices and it is available via our link.