September News | Revive Property Holdings | Revive Property Holdings

September News

It’s been a busy period for the rental market, with rents continuing to climb across most of the country in August. While the overall average void period increased slightly, the national average remains low, indicating that the market is strong heading into autumn. Meanwhile, September is the deadline month for many major pieces of Covid-19 legislation impacting the private rented sector, with the standard notice period dropping to two months and the Coronavirus Job Retention Scheme coming to an end.

Standard notice periods drop to two months on 30 September 2021

Standard notice periods will drop from four to two months on 30 September 2021. Courts will continue to prioritise the most serious cases and notice periods for these will remain lower. These include:

  • anti-social behaviour (immediate to 4 weeks’ notice)
  • domestic abuse in the social sector (2 to 4 weeks’ notice)
  • false statement (2 to 4 weeks’ notice)
  • over 4 months’ accumulated rent arrears (4 weeks’ notice)
  • less than 4 months’ accumulated rent arrears (2 months’ notice)
  • breach of immigration rules Right to Rent (2 weeks’ notice)
  • death of a tenant (2 months’ notice)

We offer Rent Protection Insurance, which pays out for up to 15 months’ worth of rent, and it will continue to pay out for 75% rental payments for up to two months after vacant possession. The policy is designed to protect you against the risk of a tenant not paying their rent, breaching their agreement or damaging the property. Get in touch if you would like to learn more 0151 933 1075