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Late on Friday the Government announced an extension to the ban on evictions by another 2 months. This means that eviction hearings will not be heard in court until the end of August. The government stated that as a result no one will be evicted from their homes this summer due to Coronavirus.
Andrew Luxton MRICS FARLA, Partner Stags Residential Lettings, is concerned that whilst everyone has sympathy with tenants who face genuine difficulties due to a loss of income as a result of the Coronavirus crisis, this will have a significant impact on landlords who, for genuine reasons, require their property back .
Throughout this crisis Stags, with their landlords, have worked with tenants to agree rent payment reductions or holidays when required to avoid tenants getting into significant rental debt, and to ease the immediate impact of the crisis. Landlords are also being significantly impacted by the crisis, whom for many, often in retirement, rent is an important part of their income.
Stags are concerned that where a landlord genuinely requires their property back, either at the end of a fixed term tenancy or because they require the property for the own use, or possibly having to sell, this further delay will impact their ability to get vacant possession anytime soon. In addition, it is likely their will be a significant back log of cases to be heard by the end of August causing further delay. The normal notice period is 2 months.
It is vital the Government sets out it's plans for the residential lettings market and it is hoped it starts to value the important and vital part the Private Residential Sector plays in providing much needed accommodation that the public sector cannot, and will not, ever fulfil.
For advice and guidance call your local Stags lettings office.