The Rotherham property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing Rotherham’s monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in blue. Also on the graph in orange is the Bank of England’s base rate between 2019 to 2024.

By examining this six-year time frame, we can better understand the resilience of the local market and the influence of economic factors, particularly interest rates, on property transactions.

The Pandemic’s Impact and Post-Lockdown Surge

The first significant event highlighted in the graph is the pandemic and the lockdown in early 2020. The property market in Rotherham, like much of the country, ground to a near halt, with house sales in April 2020 alone plummeting by 90.1% below the 2019 to 2024 medium term six-year monthly average. The lockdown effectively froze the Rotherham property market, as restrictions made it difficult for people to view properties, secure mortgages, or move homes.

However, the Rotherham property market experienced a remarkable rebound once the lockdown measures were eased. The graph indicates a “Post Lockdown Boom,” with sales soaring in some months to 46.5% above the six-year monthly average by mid/late 2020. This surge can be attributed to pent-up demand, government incentives like the Stamp Duty holiday, and a renewed appreciation for home ownership as people sought more space and comfort during uncertain times. This period saw extraordinary activity, with many homes selling quickly and often above the asking price.

The Truss Budget and Rising Interest Rates

The Rotherham property market remained buoyant through 2021, although sales began to normalise in the later months of that year, fluctuating but still frequently staying above the long-term average. The shift in dynamics started in mid/late 2022, coinciding with the economic upheaval triggered by the “Truss Budget.” The budget, which led to market instability and rising mortgage rates, immediately impacted buyer confidence. As a result, Rotherham’s house sales dipped below the long-term average as potential buyers paused to reassess their financial positions.

Simultaneously, the Bank of England responded to inflationary pressures by increasing the base rate, as depicted in the graph. The sharp rise in interest rates through 2022 and 2023, peaking at around 5.25% in 2023, further dampened market activity. Higher mortgage rates reduced affordability, particularly for first-time buyers, and made it more challenging for existing Rotherham homeowners to move up the property ladder. The market cooled significantly, as seen in the negative sales percentages during this period.

Resilience and Recovery in 2024 in the Rotherham Property Market

Despite the headwinds of higher interest rates, the Rotherham property market in 2024 shows signs of resilience. The graph illustrates that even with these challenges, monthly sales have stabilised and are still above the long-term average, a testament to the underlying strength of the local market. It’s important to note that this average includes the exceptionally high sales volumes of 2020 and 2021, making the current performance even more impressive.

In-Depth Annual Data for Rotherham

Looking at the data for Rotherham estate agents in the postcodes S60/61/62:

• 2019 – An average of 114 properties sold (stc) per month in Rotherham, 5.4% lower than the long-term 6-year monthly Rotherham average of 121 property sales.

• 2020 – An average of 126 properties sold (stc) per month in Rotherham, 4.5% higher than the long-term 6-year monthly Rotherham average of 121 property sales.

• 2021 – An average of 141 properties sold (stc) per month in Rotherham, 16.9% higher than the long-term 6-year monthly Rotherham average of 121 property sales.

• 2022 – An average of 112 properties sold (stc) per month in Rotherham, 7.6% lower than the long-term 6-year monthly Rotherham average of 121 property sales.

• 2023 – An average of 106 properties sold (stc) per month in Rotherham, 12.6% lower than the long-term 6-year monthly Rotherham average of 121 property sales.

• 2024 YTD – An average of 129 properties sold (stc) per month in Rotherham, 6.5% higher than the long-term 6-year monthly Rotherham average of 121 property sales.

This sustained level of activity suggests that demand for homes in Rotherham remains robust, driven by factors such as the area’s appeal, the relative affordability compared to renting, and perhaps the normalisation of the work-from-home culture that allows more flexibility in where people choose to live. Furthermore, Rotherham sellers have become more realistic with pricing, and buyers who have adjusted to the new interest rate environment continue to move forward with their plans.

Looking Ahead: A Market of Opportunity

As we move deeper into 2024, the Rotherham property market presents opportunities for buyers and sellers. For sellers, the current conditions indicate that, despite higher interest rates, there is still strong demand for well-priced properties. On the other hand, buyers may find that the stabilising market offers a window of opportunity to secure a home before any potential further economic changes.

If you’re considering moving in the next 6 to 12 months, now might be the perfect time to explore your options. Whether you’re looking to downsize, find more space, or change your surroundings, I invite you to get in touch for a free, no-obligation valuation and market appraisal of your Rotherham home. Understanding the value of your Rotherham home in the current market is the first step to making informed decisions. Let’s discuss how I can assist you in navigating this dynamic market to achieve your property goals.

The Rotherham property market may have its ups and downs, but with careful planning and the right guidance, there are still plenty of opportunities to capitalise on this ever-changing landscape.

UK landlords, are you clued up about Client Money Protection? Client Money Protection, also known as CMP, is like a safety net for your property rental. It’s all about protecting the rent and deposits that you or your letting agent handle. Read on for more information on what Client Money Protection means for you as a landlord in the UK.

What is Client Money Protection?

CMP is a scheme that keeps both tenant and landlord money safe. When a letting agent holds money – like rent or security deposits – this scheme ensures that the money is secure, even if things go wrong.

Why CMP Matters

Imagine this: worst case scenario, your letting agent goes bust or acts dishonestly, and suddenly, the rent money they’re holding disappears. CMP is there to make sure you’re not left high and dry. It’s a layer of protection that gives you peace of mind.

The Legal Side of Things

As of April 2019 in the UK, it’s a legal must for all letting agents to be part of a CMP scheme. This law is part of the Housing and Planning Act 2016. If an agent doesn’t follow this rule, they could face a hefty fine – up to £30,000!

For Landlords: The Importance of Compliance

As a landlord, it’s your job to check that your letting agent is Client Money Protection covered. Don’t shy away from asking for proof. A good letting agent won’t mind showing you their CMP certificate.

How Does Client Money Protection Benefit Landlords?

1. Security for Your Funds: Your rental income and deposits are safe, no matter what happens to the agent.

2. Trust and Credibility: Working with a CMP-protected agent boosts your reputation. Tenants see you as a responsible landlord.

3. Stress Reduction: CMP takes a load off your mind. You know you’re covered if things go wrong financially with your agent.

There are several CMP schemes in the UK, like RICS, ARLA Propertymark, CMProtect, Safe Agent (formerly NALS) or UKALA. Each has its own perks. Letting agents will usually choose which scheme they use based on the following:

• Reputation: a scheme with a solid track record.
• Coverage: what’s covered and what’s not.
• Ease of Claiming: how easy it is to make a claim if needed.

What If Your Agent Isn’t Covered?

If you find out your letting agent isn’t part of a CMP scheme, it’s time to act.

Switch to an agent who is already CMP covered. Ultimately, it’s about keeping the industry honest and safe.

The Role of Client Money Protection in Dispute Resolution

CMP isn’t just about financial protection. It can also play a role in disputes, acting as a neutral party. This can be especially helpful in deposit disputes at the end of a tenancy.

How CMP Helps in Disputes

• Fair Play: Ensures both landlords and tenants are treated fairly.
• Mediation: Sometimes, CMP schemes offer mediation services to resolve disputes without needing legal action.

Best Practices for Landlords

To make the most of CMP, here are some best practices:

• Stay Informed: Keep up with CMP rules and updates.
• Regular Checks: Regularly confirm your agent’s CMP status.
• Educate Tenants: Let your tenants know about CMP and how it protects them.

CMP is a crucial part of being a landlord in the UK. It’s not just a legal requirement; it’s a smart business move. It protects your money, builds trust, and helps keep the rental market fair and transparent.

The Takeaway

Remember, Client Money Protection isn’t just a checkbox to tick off. It’s an integral part of being a responsible landlord. Embrace it, and it will serve you well in your property journey.

And that’s CMP in a nutshell. It’s not just a safety feature; it’s a trust builder. As a landlord, it’s in your best interest to ensure that your letting agent is CMP compliant. Keep these tips in mind, and you’re good to go!

Contact Us

Bricknells is CMP registered with the ARLA Propertymark scheme and aims to help landlords with property to let in South Yorkshire & North East Derbyshire. To find out more about our property management services, contact us on 01709 365584 or email enquiries@bricknells-rentals.co.uk for more information.

With the recent shelving of the Renters Reform Bill, the conversation surrounding pets in rental properties has reignited. This topic affects various stakeholders, including pet-owning tenants, landlords and lettings agents. In this blog post, we’ll delve into the current state of affairs, explore the perspectives of each group and offer practical advice for navigating the complexities of pet-friendly rentals.

The Impact of the Renters Reform Bill’s Demise

The Renters Reform Bill aimed to provide more rights and protections for renters, including the ability to keep pets in rental properties by default. While the bill’s discontinuation leaves a gap in legal protection for pet owners, it also maintains the status quo, where landlords have significant discretion in their pet policies.

For Pet Owners

Pet owners often face challenges when looking for rental properties that allow pets. The absence of the Renters Reform Bill means that pet-friendly rentals remain scarce, and tenants must continue to negotiate terms with landlords. However, this doesn’t mean that pet owners are without options. Here are some tips to improve your chances of securing a pet-friendly rental:

• Create a Pet CV: Include your pet’s medical records, any training certificates and references from previous landlords.

• Showcase Responsible Pet Ownership: Highlight your commitment to maintaining the property and managing your pet responsibly.

For Landlords

Landlords often have concerns about allowing pets in their properties, such as potential damage and noise. However, being open to pet owners can broaden your tenant pool and potentially increase rental income. Here are some strategies to mitigate risks while accommodating pets:

• Pet Agreements: Include specific clauses in your lease agreements that outline pet-related responsibilities and potential penalties for damage.

• Regular Inspections: Conduct periodic property inspections to ensure that pets are not causing undue wear and tear.

For Lettings Agents

Real estate agents and letting agents play a crucial role in bridging the gap between pet owners and landlords. By understanding the needs and concerns of both parties, agents can facilitate smoother transactions and foster positive relationships. Here are some steps agents can take:

• Educate Landlords: Provide information on the benefits of allowing pets and offer guidance on creating pet-friendly policies.

• Promote Pet-Friendly Listings: Highlight properties that allow pets in your listings to attract a broader audience.

• Facilitate Communication: Help mediate discussions between landlords and potential tenants to address concerns and negotiate terms.

Legal Considerations

Although the Renters Reform Bill is no longer in play, various laws and regulations still impact pet ownership in rental properties. It’s essential for all parties to be aware of their legal rights and obligations:

• Covenants: Check for any local ordinances or regulations that may affect pet ownership in rental properties.

• Equality Act: Be mindful, particularly regarding assistance animals, which are legally protected and must be accommodated.

• Lease Agreements: Ensure that lease agreements clearly outline pet policies and responsibilities.

The discontinuation of the Renters Reform Bill has left the future of pets in rental properties uncertain. However, by fostering open communication, understanding each party’s concerns, and implementing practical solutions, pet owners, landlords and lettings agents can navigate this landscape effectively. Whether you’re a pet owner seeking a new home, a landlord considering pet policies or an agent facilitating rentals, there’s a path forward that benefits everyone involved.

By working together, we can create a more pet-friendly rental market that accommodates the needs of pet owners while addressing the legitimate concerns of landlords. Let’s seize this opportunity to build a more inclusive and harmonious rental environment for all.

Contact Us

If you’re a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

The long-awaited Renters Reform Bill is a significant piece of legislation set to reshape the private rented sector in England. As a landlord, it is crucial to understand how these changes may impact your property investments and tenancies. In this blog post, we will break down the key highlights of the bill and what they mean for you.

Take a read through this blog, and get in touch if there are any issues you’d feel best comfortable being talked through. We’re always on the end of the phone to chat.

Delays to abolishing Section 21 (the no fault eviction)

One of the most notable aspects of the Renters Reform Bill is the proposed abolishment of Section 21, which allows landlords to evict tenants without providing a reason. It is important to note that this change has been delayed until such a time as the County Courts are able to rule on and enforce possession of properties in England. Landlords can still use Section 21 notices for the time being, but it is essential to stay informed about the timeline for its eventual removal.

Assured Shorthold Tenancies to become Assured Tenancies

Under the new legislation, Assured Shorthold Tenancies (ASTs) will be converted into Assured Tenancies meaning that fixed term tenancies will be abolished and as such all tenancies will become periodic by default. This change aims to provide tenants with greater security and stability in their rental homes and reduces the need for frequent contract renewals.

Ending the ‘AST’ Trap for leasehold properties

The bill also addresses the issue of leases with ground rent over £250 outside London and £1,000 in London. In these cases, the leases are currently considered AST’s if the property is the leaseholder’s only or principal dwelling. This means that landlords could serve a section 8 notice if the ground rent charge is more than 3 months in arrears. This change will ensure that tenants in such properties are not unfairly treated and have access to the same rights and protections as other renters.

New Section 8 Grounds for Possession

To balance the abolishment of Section 21, the bill introduces new grounds for possession under Section 8. These grounds will allow landlords to regain possession of their property in certain circumstances, such as when they wish to sell the property or move back in themselves. Further grounds are for occupation as supported accommodation, repeated rent arrears, anti-social behaviour, and repossession of student HMOs at the end of the academic year.

New process in respect of increasing rent

The Renters Reform Bill also includes new provisions related to rent. This includes completing a new revised section 13 form giving 2 months’ notice. If the rental increase is accepted by the tenant, the rent will change on the day after expiry of the notice. If the tenant does not agree then they can refer to the 1^st tier tribunal before the new rent is due. Furthermore, the landlord can only increase the rent once per year.

Pets in rental properties

Under the new legislation, tenants will have the right to request consent for keeping a pet in the rental property. Landlords will need to consider these requests fairly and provide a valid reason if they choose to refuse. It is important to establish clear policies and guidelines regarding pets in your rental properties.

Introduction of a Private Rental Sector Ombudsman & creation of a PRS Database

The bill proposes the establishment of a new Private Rental Sector Ombudsman and make it compulsory for all private landlords in England to join a landlord redress scheme irrespective of whether they use an agent. This body will manage disputes between landlords and tenants, providing a more streamlined and efficient resolution process.  It is also expected that a new private rented sector database will be created to improve transparency and accountability in the rental market. This database will likely include information about landlords, properties and any relevant enforcement actions.

The Decent Homes Standard for the Private Rental Sector

The Renters Reform Bill aims to extend the Decent Homes Standard to the private rental sector. This means that rental properties will need to meet certain minimum standards of safety, comfort and repair. Landlords should assess their properties and make any necessary improvements to comply with these standards.

Addressing Discriminatory Practices

The bill takes a strong stance against discriminatory practices in the rental market. Landlords will no longer be allowed to impose blanket bans on renting to families with children or individuals receiving benefits. It is crucial to ensure that your tenant selection processes are fair, non-discriminatory and are compliant with the new regulations.

Moving Forward

The bill is now in the House of Lords and as it progresses through both Houses it is expected that there will be more clarification and detail particularly in respect of the Property Ombudsman and PRS database.

However, the Renters Reform Bill will introduce significant changes to the private rental sector, and as a landlord, it is essential to stay informed and adapt to these new regulations. By understanding the key highlights of the bill and their potential impact on your tenancies, you can navigate the changing landscape with confidence.

Remember to seek professional advice from professionals such as Bricknells Rentals to ensure compliance and protect your investments. Stay proactive, communicate openly with your tenants, and embrace the opportunities that come with a fairer and more balanced rental market.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

As a landlord, you are no stranger to adversity. From navigating complex regulations to dealing with difficult tenants, the challenges you face are numerous and varied. However, it is in times of adversity that true leaders emerge, finding ways to adapt, persevere, and ultimately triumph.

In this blog post, we will explore the concept of adversity and share valuable insights from real-life examples to help you navigate the current challenges facing landlords.

The Challenges Facing Landlords Today

The landscape for landlords is constantly evolving, presenting new obstacles at every turn. Some of the most pressing challenges include:

• The Impending Renters Reform Bill: With potential changes to tenancy laws on the horizon, landlords must stay informed and prepared to adapt their strategies accordingly.
• Anti-Landlord Rhetoric: Negative public perception and media portrayal can make it difficult for landlords to operate without facing undue scrutiny or criticism.
• Negative Tax Regimes: Changes in tax laws can significantly impact a landlord’s bottom line, requiring careful financial planning and strategic decision-making.
• Difficult Tenants: From property damage to non-payment of rent, problematic tenants can cause significant stress and financial strain for landlords.

To gain deeper insights into overcoming adversity, we turn to the experience of Bricknells Rentals, members of the prestigious “Leaders of Great Britain.” The team at Bricknells Rentals recently spent an evening in Westminster with David Blunkett, a prominent figure who has faced and overcome adversity throughout his career.

During his address, Blunkett emphasized the importance of resilience, adaptability, and maintaining a positive outlook in the face of challenges. He stressed that true leaders do not simply weather the storm; they find ways to harness adversity as a catalyst for growth and positive change.

Drawing from the wisdom of leaders like David Blunkett and the experiences of successful landlords, here are some strategies to help you overcome adversity:

• Stay Informed: Keep abreast of changes in legislation, tax laws, and industry trends. Knowledge is power, and staying informed will help you make proactive, strategic decisions.
• Build a Strong Network: Surround yourself with a supportive network of fellow landlords, industry professionals, and mentors who can offer guidance and share best practices.
• Embrace Adaptability: Be willing to pivot your strategies when faced with new challenges. Flexibility and a willingness to learn are key to long-term success.
• Focus on Tenant Relationships: Cultivate positive relationships with your tenants built on open communication, respect, and professionalism. Strong tenant relationships can help mitigate potential issues and foster a more stable rental environment.
• Maintain Financial Resilience: Implement sound financial practices, such as maintaining adequate reserves, diversifying your portfolio, and seeking expert advice when needed. A strong financial foundation will help you weather any storms that come your way.

Adversity is an inevitable part of the landlord journey, but it does not have to define your success. By staying informed, building a strong network, embracing adaptability, focusing on tenant relationships, and maintaining financial resilience, you can rise above the challenges and emerge stronger than ever.

Remember, every setback is an opportunity for growth and learning. Embrace the lessons that adversity brings and use them to fuel your success as a landlord and leader in your field.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

There are regulations that govern the responsibilities you have regarding smoke alarms and CO2 alarms for your tenants, so we’ve put this article together to help you understand what it is your duty as a landlord to provide to ensure the safety of your tenants.

Keeping your tenants safe should be the utmost priority for any landlord, not least of all because it’s a legal responsibility to provide a safe home in which people can live. If you rent out homes in the private rental sector, here is an essential guide to your responsibilities as a landlord and that of your tenants once the tenancy is underway.

Understanding the Importance of Smoke and CO2 Alarms for UK Landlords

Ensuring the safety and wellbeing of tenants is a paramount responsibility for landlords in the UK’s private rental sector. Among these responsibilities, the installation and maintenance of smoke and carbon monoxide (CO2) alarms are of critical importance. This guide aims to shed light on the legal requirements and best practices concerning these life-saving devices, targeting property managers, landlords, and tenants keen on upholding safety within their properties.

The Legal Landscape for Smoke and Carbon Monoxide Alarms

In England, the regulations set forth under the Smoke and Carbon Monoxide Alarm (England) Regulations 2015, provide a solid foundation for the responsibilities of landlords regarding fire and carbon monoxide safety. These rules stipulate that landlords must:

1. Install at Least One Smoke Alarm on every habitable storey: Every floor of the property being used as living accommodation must be equipped with a working smoke alarm. This ensures early detection and warning to occupants in case of a fire.

1. Install a Carbon Monoxide Alarm in any Room close to an appliance that burns fuel to provide heat. This includes rooms with coal fires , wood-burning  and solid fuel stoves, together with gas boilers where gas is burnt to provide heat. Gas cookers are excluded.

1. Ensure Alarms are in Working Order at the Start of Each New Tenancy: Initial testing is the landlord’s responsibility and this should be recorded, but on-going testing should be encouraged among tenants.

It’s worth at this point also highlighting the difference in legal requirements across the UK, as regulations in Scotland and Wales have their nuances, generally requiring carbon monoxide and interlinked smoke detectors in a broader range of scenarios together with a heat alarm in the kitchen. In Wales the requirement is for interlinked hard-wired alarms.

Contact Bricknells Rentals 01709 365584 for more details on the specifics of your area.

Strategic Placement of Alarms

Understanding where to place smoke and CO2 alarms within a property is key to maximising their efficacy:

• Smoke Alarms: Ideally, these should be installed on the ceiling, in the middle of a room, or in hallways and landings to ensure the sound carries throughout the property. Avoid installing smoke alarms near kitchens or bathrooms as steam can trigger false alarms.

• Carbon Monoxide Alarms: These should be placed at head height, around 1 to 3 meters away from potential sources of carbon monoxide, such as boilers and stoves. Do not place them behind furniture, curtains, or in enclosed spaces that could hinder detection.

Maintenance and Testing

Routine maintenance is crucial for ensuring alarms remain functional:

• Monthly Testing: Encouraging tenants to test alarms monthly can help identify and rectify any issues promptly. It is worth taking the time when checking in your tenants to outline the importance of this task and that they do not remove the batteries.

• Battery Replacement: While many modern alarms have long-life batteries, those that do not should have their batteries replaced annually, at the very least.

• Regular Inspections: Visual inspections during property maintenance visits can help ensure alarms are not obstructed and remain in good working order.

Compliance and Penalties

Non-compliance with these regulations can expose landlords to significant penalties and fines. Therefore, it is in the best interest of landlords to not only complying with the minimum legal standards but to exceed them where possible to ensure the utmost safety of their tenants.

Conclusion

Smoke and CO2 alarms are more than just legal requirements; they are critical components of tenant safety. By understanding and adhering to the regulations, and adopting a proactive approach to alarm maintenance, UK landlords can provide safer living environments, protect their investments, and foster positive relationships with their tenants. For a safer future, the importance of these devices cannot be overstated.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

If you are unsure of the rules on security deposits and what you can and cannot do with the money you are holding on behalf of your tenants, we’ve put this guide together to lay it all out clearly.

Managing tenant deposits is a crucial component of being a landlord in the UK. It’s not only about holding money securely but also about ensuring fairness and transparency throughout the tenancy. Read on for the full guide.

Guide to Deposit Management for UK Landlords

If your tenancy is an Assured Shorthold tenancy with a rent less than £50,000 per annum then the maximum limit of a security deposit is 5 weeks’ rent.

Adhering to the best practices we’ve laid out in this article, can help you avoid legal pitfalls and maintain a positive relationship with your tenants. Here’s a comprehensive guide to handling deposits as a UK landlord.

1. Use a Government-Approved TDP Scheme

The first step in managing deposits correctly is to ensure they are protected in a government-approved Tenancy Deposit Protection (TDP) scheme. There are three schemes in England and Wales: the Deposit Protection Service, MyDeposits, and the Tenancy Deposit Scheme. Scotland and Northern Ireland have their own approved schemes.

Using a TDP is not just best practice; it’s the law. The scheme safeguards the deposit for the tenant and helps resolve disputes if any arise at the end of the tenancy.

2. Provide Prescribed Information

Prior to the tenancy starting you need to issue the tenant a copy of the Energy Performance certificate, a valid Gas safety certificate, and a copy of the ‘How to Rent’ guide. You then need to provide the tenants with the prescribed information. This includes details about the TDP scheme where the deposit is to be held, how to apply to get the deposit back at the end of the tenancy, and what to do if there is a dispute over the deposit.

Failure to provide this information can result in a fine, and you may be prevented from evicting your tenants using the ‘no fault’ Section 21 eviction process. Further you need to ensure that within 30 days of receiving the deposit you must register it in the chosen TDP scheme and issue the tenant with the deposit certificate.

3. Conduct a Thorough Inventory Check

Before the tenants move in, conduct an inventory check and create a detailed schedule of condition. This document will list the contents of the property and their condition, as well as the overall condition of the property itself. Having both parties sign this document ensures that there is a clear benchmark against which the property’s condition can be compared at the end of the tenancy. This can be invaluable in settling disputes over deposit deductions.

4. Communicate Clearly About Deductions

If deductions from the deposit are necessary at the end of the tenancy (for example, for property damage beyond normal wear and tear), communicate these to your tenants clearly. Explain the reasons for the deductions and provide supporting evidence (such as photographs or receipts). You should do this within 10 days of the tenancy ending. Transparency here can help maintain a good landlord-tenant relationship and reduce the likelihood of disputes.

5. Stay Informed About Legislation

Deposit protection legislation can change, so it’s important to stay up-to-date to ensure you remain compliant, this is where Bricknells Rentals can help, if in doubt contact 01709 365584 where we will guide you through the process.

Remember letting a property is much more than collecting rent. Ignorance of the law is not considered a valid defence, and failing to protect a tenant’s deposit can lead to significant legal and financial consequences.

6. Keep Detailed Records

Finally, keep thorough records of all communications and documents related to the deposit, including the tenancy agreement, inventory checks, any reports of damages or repairs, and correspondence about the deposit. These records can be crucial if a dispute over the deposit arises and needs to be settled by the TDP scheme’s dispute resolution service.

By following these best practices, you can ensure that you manage and handle deposits in a way that’s fair, transparent, and compliant with UK law. This not only protects you as a landlord but also reassures your tenants that their deposit is in safe hands.

7. Finally an exciting alternative

Under the traditional cash security deposit scheme detailed above, the maximum amount of cover is 5 weeks’ rent.

However, there is another scheme on the market that Bricknells Rentals is pleased to offer, this is called Reposit scheme which gives 8 weeks of cover for the landlord.

To learn more, watch the video below, or contact Bricknells Rentals on 01709 365584.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584. 

It’s more than just another thing to do, regular property inspections help landlord and tenants in equal measure, so make sure you keep a regular schedule of visits to promote a good relationship with your tenants and to nip any problems in the bud.

Regular property inspections of residential properties are of significant value to landlords and tenants alike. These inspections serve as a proactive measure to identify maintenance issues early, preventing minor problems from escalating into major, costly repairs. They also facilitate open communication between landlords and tenants, building trust and ensuring that the property is cared for properly.

By making regular visits and conducting inspections, landlords can ensure compliance with health and safety regulations, ultimately protecting their investment and enhancing the property’s value over time. For tenants, regular inspections can provide reassurance that their living environment is safe and well maintained, contributing to a more satisfactory tenancy experience. Overall, regular property inspections promote a healthy landlord-tenant relationship and help maintain the overall condition of the rental property.

You can’t just turn up at the property and let yourself in with your copy of the key though. It is essential to establish a schedule for these inspections and communicate it clearly to tenants, making sure to respect their privacy and give proper notice before each visit.

Effective communication between landlords and tenants is crucial in all aspects of rental property management. In particular, discussing maintenance and repair issues should be done openly and promptly. Tenants should feel comfortable reporting any problems they encounter, and landlords should respond promptly to address these concerns. By addressing maintenance issues in a timely and transparent manner, landlords can maintain good relations with their tenants and prevent small problems from turning into larger ones.

Another important aspect of maintaining rental properties is staying compliant with property laws and regulations. Landlords must adhere to all relevant laws and regulations, such as building codes and safety standards, to ensure the safety and well being of their tenants. Staying up-to-date with these requirements can prevent potential legal issues down the line.

At Bricknells Rentals we inspect all our properties under management on a regular basis to ensure tenants are safe and that landlords remain compliant. So if you are a landlord overseas or live a distance from your property and you need the services of an ARLA registered letting agent get in contact with Bricknells Rentals.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

Have you found yourself dealing with rent arrears and feel like you aren’t getting anywhere fast? Read on for our tips on how to make rent recovery for landlords a smoother process that will seek to maintain a good relationship on both sides.

As a landlord one of your biggest causes of concern is when tenant stops paying the agreed rent. And when that happens, dealing with rent arrears can be a complex challenge for landlords, requiring a delicate balance of empathy and practicality.

Firstly, establishing an open line of communication with your tenant is key to uncovering the root causes behind the payment delays. By understanding the reasons behind the arrears, landlords can tailor solutions to better support tenants in resolving their outstanding debts. This may involve offering flexible payment arrangements or exploring available government aid programs to provide tenants with the necessary assistance to address their arrears.

Whatever the solution or interim agreement might be, it is advisable for landlords to maintain thorough documentation of all interactions and financial transactions to ensure transparency.  Good documentation that shows a timeline of events and communications will also facilitate any potential legal actions if needed.

In cases where the situation does not show signs of improvement, seeking advice from a reputable letting agent such as ourselves is a prudent step to comprehend the legal options available, including the possibility of initiating eviction procedures through a section 8 notice.

Whilst a section 8 notice informs the tenant that you intend to take them to court if they do not pay, be aware that to achieve a successful outcome then your paperwork and documentation needs to be perfect, as any error will be highlighted in the courts and your eviction will fail which will ultimately prove costly.

Try to view legal action as a last resort, prioritizing amicable resolutions through effective communication and mutual understanding whenever feasible is often a better solution for all concerned and enables a positive relationship to be maintained afterwards, whereas section 8 notice action will almost always end the relationship on a sour note.

To avoid falling into this situation, we advise you make steps at the outset of any tenancy and look to mitigate the consequences of a tenant falling into rent arrears. In the current climate it is so easy for the perfect tenant to lose a job, be made redundant or something worse. Therefore, we are great believers in “prevention is better than the cure.”

As a landlord you can take out an insurance policy to protect your asset against insurable events so why not consider from the outset of your tenancy a “rent guarantee insurance” policy?

Whilst we cannot sell you the insurance here at our lettings agency, we always recommend to our landlords that at the start of the tenancy you take out this particular insurance. If the tenant defaults and you have made sure that your paperwork is in order, the cover ensures that your rent is continued to be paid, and all legal costs to effect an eviction are also covered within the policy. This will soften the blow of undertaking an eviction by ensuring you don’t have an undue gap in rental payments until you take repossession of your property.

At Bricknells Rentals we are always here to help with advice. If you need assistance in auditing your situation then do not hesitate to give us a call on 01709 365584.

Contact Us

If you are a landlord looking to find out more about any of our services, please get in touch. You can call us to request a free landlord’s pack or to further discuss our property management services, investment opportunities and more. Email us on enquiries@bricknells-rentals.co.uk or call us on 01709 365584.

As the colder weather is on its way and energy costs are rising faster than ever before, it’s never been more important to know how to keep your home warm this winter. Whether you own your property in Rotherham or whether you’re renting, finding ways to reduce your costs couldn’t be more vital this year. With this in mind, the team here at Bricknells have 6 helpful tips for you to put into practice so that you can stay toasty without breaking the bank.

1. Bleed Your Radiators

Check your radiators to see if they feel colder at the top than at the bottom. If so, there may be some cold air trapped inside which is stopping hot water from filling the radiator and preventing it from heating up. You can fix this problem by bleeding your radiator to release the trapped air. The hot water will be able to start flowing inside again, and that will allow even heating of the radiator to heat the room more effectively.

2. Keep The Top Of Your Radiators Free

It can be tempting to put your damp laundry on your radiators to dry, but if you allow the top of your radiators to become covered with clothing (or indeed, any other items), the warm air won’t be able to flow, and that will stop the heat from circulating. Use a clothes airer instead or dry your laundry outdoors whenever possible.

3. Add Effective Draught Proofing

Make sure to draught-proof any areas where cold air could be creeping into your rooms. Draught excluders can be purchased for use with your doors, and you can buy foam self-adhesive tape to apply to your windows. Think about your keyholes and letterboxes too. You can buy items in DIY stores that will block out any cold air coming through these small gaps.

4. Consider Furniture Positioning

Move furniture items such as sofas and beds away from your radiators so that the flow of warm air won’t be blocked. Whenever possible, put thermal curtains up at your windows and doors too. This will help keep the warmth in your rooms.

5. Insulate Your Property

If you own your own home in Rotherham, make sure you have sufficient insulation in your loft, under your floors and in your external walls as well as around the hot water cylinder. If you’re a tenant, it’s worth speaking to your landlord about insulation.

6. Service The Boiler

If the boiler in your property is inefficient, your energy bills can take a serious hit, so make sure you’re getting it serviced once a year and that your thermostats are frequently checked too. If the thermostat is old, it can sometimes delay the heating up of your home, or alternatively, could heat it to a higher temperature than necessary.

Follow our tips, and you should find that your home feels warmer this winter. If you’re interested in buying or renting a more energy-efficient property, get in touch with the Bricknells team today on 01709 365584.