The Harrogate Rental Market And The Effect Of Covid 19
It would be fair to say that Covid 19 has affected people’s lives and businesses in the last three months in ways that we could never have imagined. We hope that you and your families are all well and safe and that Lock Down hasn’t been too hard on you. We have been working behind the scenes to ensure that all of our tenants, landlord and properties are well and safe during these uncertain times.
I’m pleased to report that it isn’t all doom and gloom though as the Harrogate Rental Market is busier than ever now that restrictions have been lifted and socially distant viewings can be done. We have been busy moving lots of new tenants into their new homes over the last two weeks. Now is an excellent time to get your property on the market as rental properties are flying off the shelves.
With this is mind, here are some things to bear in mind if you are or are about to be a Harrogate Landlord:
1. The Electrical Safety Standards in the Private Rented Sector Regulations 2020 are still due to come into force on the 1st July 2020 and haven’t been delayed due to Coronavirus. This means that in order to legally rent your property or renew a current tenant’s tenancy after 1st July 2020 you must have a valid Electrical Safety Certificate. These usually last for five years. All tenancies on a rolling periodic (month by month tenancy) must have one by April 2021. I would advise sending an electrician sooner rather than later in case any works are required before a tenancy can start.
2. You might be aware that at the start of Lock Down the Government changed the Notice Period to three months until the end of July 2020 due to Covid 19. This was to help tenants who may have faced financial difficulty during these times. It has recently been announced that has been extended to August and means that three months’ notice to vacate must be given to all tenants as opposed to the previous two months’ notice that you might be familiar with.
I am on hand to discuss any of these issues with you if you would like more information and I am happy to visit your property to give an up to date rental valuation and discuss your legal requirements if you are considering letting out your property. If your property is currently tenanted we can still market it for let provided that all parties involved comply with the social distance guidelines.