£65 million COVID-19 Rent Support

The government has committed £65 million in support to renters struggling due to the impact of the pandemic. This is on top of the £500 million the Department for Levelling Up, Housing and Communities have already committed to the Household Support Fund.

The implementation of the fund will be the role of local councils, at the time of writing this article no councils have published their delivery method. The councils must focus the funds to ‘supporting low-income earners in rent arrears - helping to prevent homelessness and support families to get back on their feet’.

The Minister for Rough Sleeping and Housing Eddie Hughes MP expanded on the purpose of the fund:

“This new funding will support families that are struggling and help to get them back on their feet as we begin to recover from the COVID-19 pandemic.”

A large stipulation by the government said the money is to go directly to landlords to cover rent arrears / prevent evictions, as well as to assist people to find a new home. This move is praised by many landlord associations, providing more security in a scheme from the government targeted at supporting Landlords just as much as tenants affected by the pandemic.

You can read more about the support package on the Gov.uk press release

 

Written by Toby Dawson

Valuations

We would be happy to value your property without obligation or charge. Our knowledgeable & experienced team will provide you with an honest & accurate market appraisal of your property based on market trends. We can also offer advice on current legislation and how best to present your property to prospective tenants & purchasers.

Specialist Marketing

Good marketing begins with appealing images, an accurate floorplan and an appropriate description with supporting information. In order to ensure full exposure, as well as on our own web site, we advertise on the major property portals, social media and other selected mediums. Once we have these solid foundations, our talented and experienced sales team takes over!.

Property Management

We offer a very polished and thorough management service. We are able to deal with all aspects of the day to day running of your tenancy on your behalf and are able to advise on contractual and legislative matters in what has become an increasingly complex contractual and legislative environment.

Project Management, Design & Build

We offer a complete service and are able to deal with all aspects of your refurbishment and/or build including; architectural services, planning applications, building control, general contractors, specialised contractors, finishes and management.

Fees

TENANT FEES - NEW ASSURED SHORTHOLD TENANCIES (AST's) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit - One week's rent, apportioned to first month's rent

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys -  Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required. 

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher). 

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the  surrender of the tenancy and the re-letting the property