Oct 24 2024 48 mins 1
In today’s podcast, Mark welcomes Allison from Homemakers Property for an insightful discussion.
Allison kicks off the conversation by highlighting a significant change in the rental landscape: the Renters Reform Bill has been scrapped since Labour came into power. In its place, they have introduced the Renters Rights Bill, which aims to reshape the way landlords and tenants interact.
One of the key takeaways from their discussion is the importance of compliance with these new regulations. Failing to adhere to the updated laws can lead to hefty fines, so it’s crucial for landlords to stay informed and ensure they are following the latest guidelines.
Additionally, Allison emphasises the necessity of being prepared for potential voids and arrears from tenants. Unexpected situations can arise, making it essential for landlords to develop a strong understanding of their tenants circumstances. Building a good relationship with tenants can facilitate better communication and help find solutions to any issues that may arise.
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