Performer of the month!
Congratulations to Chris Fielding who is Aldreds Performer of the Month for July.
The amount of work Chris gets through in a month is absolutely phenomenal and his passion and commitment to his clients is clear to everyone.
To be honest he could have won it lots of other months this year.
Well done Chris!
More news on renters reform bill!
There is some very sensible news coming from Whitehall regarding the Renters Reform Bill and its bumpy ride through parliament.
After the 3rd reading the Renters (Reform) Bill was voted through yesterday evening to its next stage. Housing Minister, Jacob Young confirmed that Section 21notice won’t be abolished until the court system is deemed ready. The government will require the Lord Chancellor to assess the county court possession order process in England and its enforcement before the end of Section 21 (no-fault evictions).
The other good news is another key amendment – only allowing tenants to give notice after six months (rather than the originally proposed two months) – was also approved, with exemptions such as death of a tenant or victims of domestic violence being considered.
These sensible amendments, despite Labour’s objections, will give landlords considering their options some confidence and will no doubt go some way to stem the flow of landlords selling their rented properties due to concerns about this new legislation.
We will keep you informed of the developments as they are announced.
Sienna joins the team!
A big Aldreds welcome to Sienna Vincent who has joined us as a trainee in our Great Yarmouth office!
Sienna is a GY girl! She has already been with us a week and has settled in well!
We hope you have a long and enjoyable career with us!
Aldreds turns 167 years old!
Happy birthday to us! In July Aldreds hit the ripe old age on 167! I know we don’t look it.
Our Directors Mark & Dan have had a fun day delivering birthday cakes to all the offices. If you are quick there might be some left!
I want to sell my house but have a tenant, what is the best process….
Firstly, you must serve formal notice. Tenants are only contractually obliged to allow access for viewings in the last 2 months of any tenancy.
You then have two options, both with their pros and cons.
If you decide to market with the tenant still in situ, then you have the benefit of rent coming in, all utilities and Council Tax being covered by the tenant and the additional security of an occupied property.
The downside is that you will have no control over access as notice and tenant agreement must always be obtained. You will also not have any control over how the property is presented. Always remember that there is absolutely no benefit to the tenant to display the property to look its best.
If you decide to wait to market until you have vacant possession, then you benefit from certainty that you will have vacant possession ready for exchange. The current shortage of available properties means that tenants are often struggling to find alternative properties and often stay on past the end of the notice period, which could easily de-rail an ongoing sale.
The other benefits are unrestricted access for viewings and complete control over how the property is presented at the time of the viewings. The only negatives being that you would need to cover all the bills until completion.
The key decider is the existing tenant and how good they are in terms of flexibility and how well they look after the property. However, once a tenant knows a property is for sale they feel unsettled and often leave well before the end of the notice period.
For more advice, talk to the experts, speak to Aldreds…..
