Landlord FAQs - Covid-19 Edition

Frequently Asked Questions from Landlords During Lockdown

My new tenants have already signed a contract and are due to move-in shortly. Can this go ahead during lockdown? 

Yes. Removal companies and locksmiths have been deemed essential services and if your tenants have already signed a contract, the relevant start of tenancy arrangements can easily be carried out via remote working and social distancing. Repairs and maintenance, inventories, gas safety certification and professional cleaning can all take place on empty properties after your previous tenants have vacated and in some cases, we are even able to use key boxes or have keys kept securely with the concierge in the building to further simplify face-to-face meetings to exchange keys. We’re always embracing ways to work better - right down to online signature of tenancy agreements - and this means that much of our working is business as usual.    

Does my property still require certification during this time?

Yes. The measures being introduced by the government do not affect the general health and safety requirements for rental properties. Boilers should still be serviced as per normal and gas and electrical safety checks will need to be carried out, regardless of the virus, and following the government’s guidance on safe working practices. 

Are rents going to go down… or up? 

Depending on which day of the week - and who you ask - you’ll get a different answer every time. At Maplewood, we have seen rental prices in Central London continue to be very stable over the past weeks. However, with lower numbers of tenants choosing to move during this period, it may mean that we see a surge in tenants who have been waiting to move house once lockdown is lifted. This could result in a slight drop in rental values now and a small boom as it bounces back, but longer term, we don’t anticipate any major fluctuations in the market at this point.  

The government has published detailed guidance on moving during the coronavirus outbreak. You can read it in full via the link.

Further Details on Current Eviction Ban

Government Guidance Published Regarding Support for Tenants and Landlords

Further to the announcement last week of the suspension of new Section 21 notices being heard by the courts, detailed guidance of the halt to eviction proceedings is now available.

Effective from 26 March 2020, landlords wishing to serve notice to end existing tenancy agreements will have to give 3 months notice. Effectively, this will mean that landlords seeking to commence court proceedings for evictions will not be able to do so until after 30 September.

The guidance goes on to state that effective 27 March 2020, the courts will suspend all ongoing housing possession actions. For example, if you have already served a Section 21 notice to your tenant, this will not progress in the system towards an eviction for at least the next 90 days.

The published guidelines are available to read in detail through the link below.

Government Announces Ban on Evictions

Emergency Legislation Brought in to Support Tenants and Landlords

In light of the current national health crisis, the government announced yesterday that emergency legislation will be brought in to protect tenants in private rented and social housing accommodation in England and Wales from being evicted due to loss of earnings during the crisis. 

This means that no new possession proceedings (Section 21 Notices) will be heard in the courts in this period. This would suggest, however, that if you have already served a possession order through the courts, these proceedings will go ahead. 

The government has also recognised the pressure that the non-payment of rent could place on landlords and as part of the emergency legislation has also confirmed a 3 month mortgage payment holiday. The protection will apply to landlords whose tenants are facing financial difficulties due to the coronavirus.

The full announcement is available via the link below.

EPC Update

Energy Performance Certificate (EPC) - Update

Since 2008 EPCs have been a legal requirement for sales and lettings property transactions and all will need to be renewed on their expiry (after 10 years). In April 2018 these requirements were updated to enforce a minimum energy performance rating of E for all new and renewed tenancies.

Soon these will apply to all existing tenancies and from April 2020 it will be against the law to rent a property without an EPC rated A to E inclusive. A few exemptions apply.

Feel free to contact us with any questions or to arrange for a Domestic Energy Assessor to produce a new certificate for your property. Search your EPC rating by clicking the button below.

Gas Safety Week

Gas Safety Week - Awareness

Did you know that 1 in 5 homes in the UK have unsafe gas appliances according to the latest inspection figures? This week the property industry is focused on raising awareness for gas safety in residential properties. The law has been In place and updated since The Gas Safety (Installations & Use) Regulations 1998 for England & Wales. You must have your rental property checked every year by a Gas Safe Registered Engineer.

Homeowners can also make sure that they are living in a gas safe property by having a check done at home and watching out for these five key signs that something might be wrong. Find out what to look for and more information by clicking the button below.