According to a recent survey of landlords, tenant demand is only increasing across 2021, with record heights seen in the third business quarter of this year.
Seven in ten landlords (69%) have remarked on this development within the lettings sector. Of those, 36% believe the increase to be 'significant'.
To know more read the full article: Tenant Demand is Still High
Over the last 18 months, a number of measures were put in place to protect tenants who were unable to keep up with their rent payments.This put a strain on landlords and the lettings market as a whole, with the government easing these rules back gradually to help all parties involved recover from the effects of the pandemic.A notice period can be anywhere up to six months before an eviction can take place.
In addition to this, a tenant can only be asked to leave during the contract's fixed term, if:- The tenant is behind on rent payments-The property has been used for illegal activity- The property has suffered damage during the tenancyNotice periods have been extended since the pandemic, which gives tenants some breathing space if their employment status has changed.Once the tenant has been issued with a written notice of wanting the property back, the tenant is given:- Two months to vacate if they gave notice prior to the 26th of March 2020- Three months, if it was between 26th March and 28 August 2020- Six months, if it was after 29th August 2020- Four months, if it was after June 21 2021Despite these dates, according to the government, if a tenant is evicted with a section 8 notice, the tenant may have to leave much sooner.A tenant should pay rent until the end of their agreed term in accordance with the contract they would have signed.
Despite this, it is normal to still liaise with the landlord to see whether there is a break clause in the contract.Landlords may also allow a tenant to leave a fixed-term contract early if the tenant has a direct agreement with them, such as finding a replacement.Originally Published - Paul O'Shea
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As the tenancy period comes to an end you need to repair the damages.
This step will help you to complete the bond.
Then the real estate agent or the landlord comes to inspect the property.
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You have invested in the rental unit and hope that this will give you the income without stress, and then you are making a mistake.
There will be many challenges and the most problem is handling the renters.
You want good tenants who pay the rent on time, respect your property, and follow the lease of the agreement.Read Full Article:- Scary tenant and how to handle them
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Being the world-renowned Canadian Prairies, Toronto is the heart of the continent.
The long winters and charming weather is what attract tenants to live there.This is the reason the rise in the need for Room Rent In Toronto is high.
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There are just too many factors involved, including the rise and fall of estate prices, the quality of the house, the location, and the availability.https://www.go2blog.com/2021/07/a-complete-guide-to-recruiting-real-estate-agents/
