TOP 8 CHANGES COMING IN 2021 - LANDLORDS AWARE WE ARE - Edwards Estate Agents

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WE ARE

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LANDLORDS AWARE

TOP 8 CHANGES
COMING IN 2021
 01789 414222   www.movewithedwards.co.uk
Landlords aware - Top 8 changes coming in 2021

                                                 INTRODUCTION
                                                 Over the course of recent years landlords
                                                 have had to cope with ever increasing
                                                 legislation and the challenge to remain
                                                 compliant becomes ever more demanding.
                                                 In the current climate now more than ever it is important
                                                 to be aware of all the rapidly changing legislation.
                                                 The Coronavirus Act 2020 introduced many restraints
                                                 on landlords with one of the most significant being that
                                                 a tenant was entitled to six months notice rather than two if
                                                 the landlord was looking to seek possession of their property.
                                                 This guide contains some key highlights of what the industry
                                                 faces in the months ahead and we hope that this will help you
                                                 with the management of your property.
                                                 If you need further advice or have any questions, please do
                                                 not hesitate to get in touch – we are always happy to help.

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Landlords aware - Top 8 changes coming in 2021

KEY 2021 DATES
                                                                           Letting
                                                                           With Us
                                                 May                     Why Choose
                                                                         Edwards?
                         April
January
                                                         July
                                                  June          what’s ahead

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Landlords aware - Top 8 changes coming in 2021

JANUARY 2021
January saw the New Model Tenancy                                      It does encourage landlords to be more open to considering pets
Agreement published by the government.                                 but you will still have the final say and the ability to object.
                                                                       This is in contrast to the The Dogs and Domestic Animals
The impact on landlords is that they will need to consider
                                                                       (Accommodation and Protection) Bill which has been put
a tenant’s request to have a pet. Landlords will have the
                                                                       forward by Conservative MP, Andrew Rosindell, and is being
right to object in writing within 28 days of receiving a written
                                                                       supported by a number of animal welfare charities including
request. It will be possible to object if there is good reason.
                                                                       the RSPCA. If passed, this would mean (as long as renters can
For example large pets in small properties, prevented
                                                                       prove they are responsible owners) tenants would have an
by terms within the headlease.
                                                                       assumed right to take a pet into any rented accommodation.
                                                                       This awaits a date to be confirmed for its second reading.

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Landlords aware - Top 8 changes coming in 2021

                                                     APRIL 2021
                                                     April saw the deadline for
                                                     all landlords to obtain a valid
                                                     Electrical Inspection Condition
                                                     Report (EICR) in order to be
                                                     compliant with the Electrical Safety
                                                     Standards in the Private Rented
                                                     Sector (England) Regulations 2020.
                                                     The report should be given to your tenant within
                                                     28 days of completion for existing tenants and prior
                                                     to all new tenancies from 1st April. It lasts for five
                                                     years. Be aware that if you have an existing EICR
                                                     that recommended the next inspection to take place
                                                     after 10 years this will not be valid. This has been
                                                     amended to every five years.
                                                     Local authorities have the power to impose
                                                     fines of £30,000 for non-adherence.

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Landlords aware - Top 8 changes coming in 2021

MAY 2021
The Debt Respite Scheme (Breathing Space
Moratorium and Mental Health Crisis
Moratorium) (England & Wales) Regulation
2020 comes in to force from 4th May.
This will give those in debt such as
tenants with rent arrears temporary
respite from being chased for payment.
The impact on landlords is that if they are notified
of a Moratorium Debt through a regulated debt
advisor it will not be possible to seek possession
of the property by issuing a Section 21 or
Section 8 notice on the grounds of rental arrears.
All charges, fees and interest must be frozen
for the duration of the Moratorium which is 60 days.

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Landlords aware - Top 8 changes coming in 2021

MAY 2021
Also in May all Right to Rent
checks must return to a face
to face inspection.
Luckily there is no need to revisit those that had
been done remotely during the previous months.

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Landlords aware - Top 8 changes coming in 2021

                                                     JUNE 2021
                                                     In June the stamp duty holiday
                                                     comes to an end on the 30th.
                                                     Since 8 July 2020 no stamp duty land tax has
                                                     been payable on property worth £500,000 or less.

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Landlords aware - Top 8 changes coming in 2021

JUNE 2021
Section 21 Notices
From 1st June 2021 - 4 months notice required.

From 1st October 2021 - 2 months notice required.

Section 8 Notices
From 1st June 2021 - Depending on the
reason will range from 2 weeks to 2 months.

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Landlords aware - Top 8 changes coming in 2021

JULY 2021
From the beginning of July the
Government has indicated that
there will be a new Right to
Rent checking process for EU,
EEA and Swiss Citizens.
We all await further instructions
from the Government as to
what will be required.

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Landlords aware - Top 8 changes coming in 2021

                                                      WHAT’S AHEAD?
                                                      Following the Queen’s Speech in
                                                      May, the government has set out
                                                      its intention to:
                                                        	Reform the Section 21 Notice, however this looks unlikely
                                                        to come into effect until 2022.
                                                        	Create a new redress scheme for the private rental sector.
                                                        	Look at ways to improve the possession process through
                                                        the courts.

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Landlords aware - Top 8 changes coming in 2021

LETTING WITH US
Your Property is in                              We will:
Safe Hands When You                                 Maximise your income
Let Through Edwards                                 Minimise your void period
Our team have over 30 years                         Ensuring the property and
experience in letting properties                    the tenancy is compliant with
in and around Stratford and                         the ever changing legislation
many of us are landlords
                                                    Smooth handover on check out
ourselves, we are ideally placed
to look after your property                         Thoroughly check tenants
and help you realise the true                       All maintenance issues are dealt with
value of your investment.                           quickly efficiently and cost effectively

We understand what’s most                        At Edwards we appreciate that there are
important to you so that you can                 three parties involved in lettings and realise
sit back, relax safe in the                      the importance of a high level of customer
knowledge that you and your                      service to both the landlord and the tenant.
property are being looked after.

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Landlords aware - Top 8 changes coming in 2021

                                                                    "Could we take this opportunity to thank

WHY CHOOSE EDWARDS?
                                                                    you for all the well organised and good
                                                                  humoured assistance you always provide. We
                                                                 have nothing but praise for the way you have
                                                                   managed our letting for the last 2 years."
  	Dedicated team under one roof.                                           Amanda H
    30 years experience.
  	Day to day management of your property.
  	Inventories & references carried
    out by qualified professionals.
  	Regular inspection with update report.                              Whether you’re an experienced
                                                                        landlord, investor or looking
  	Deposits lodged with Deposit Protection Service.
                                                                        to let your property for the first
  	Member of ARLA and Ombudsman.
                                                                        time, we can make the process
  	All viewings are accompanied.                                       as stress-free as possible.
  	Awarded ‘Exceptional’ at the Best Estate Agent guide,
    putting them in the top 5% of all agents in the UK.                 Get in touch today to discover
                                                                        what we can do for you...
    20 years experience.
  	Won ‘Gold’ award for Lettings by The British
    Property Awards.
  	Member of Client Money Protect.
                                                                          Get in Touch

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WE ARE

01789 414222
INFO@movewithedwards.co.uk
www.movewithedwards.co.uk
30 Meer Street, Stratford upon Avon, CV37 6QB
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