When COVID hit us back in March 2020, none of us had any idea of the impact this would have on our lives and how every sector would be affected – good or bad (there are always winners and losers after all).
As it became apparent that COVID was going to be around for a while and many people furloughed, the Government deemed it necessary to bring in additional measures to stop any tenants being evicted from their homes, especially as there was nowhere to go: hotels, etc. were all closed.
The extension of the possession notices from 2 months to 6 months caused huge ramifications to landlords who already had tenants in rent arrears.
Some landlords have been incredibly generous to their tenants where COVID had an impact, and either came up with a payment plan or, in some cases, gifted a month’s rent.
There will always be people who like to use the system, thankfully this is not the majority of tenants.
The government then confirmed that, from the 1st of October, possession notices would revert to as they were in to pre-COVID times, meaning landlords can now give their tenants 2 months’ notice to vacate the property through a Section 21 notice for the time being. Section 8 notices have also reverted to pre-COVID rules.
If you need help or advice on your tenancy management then please do not hesitate to contact us. We are not just good; we are amazingly good!
Have a good month!
Sharon Canning
If you would like a friendly, no obligation chat regarding buying, selling, renting or investing in property, then please email sharon@moveon.biz or telephone 01202 711169.
Investment Properties