NEW research reveals that average void period (the length of time a rental property is unoccupied) for a UK rental property now stands at 3 weeks, the longest period since Q1 2011.
The research comes from the Association of Residential Letting Agents (ARLA), which is urging landlords to take action and implement measures that may reduce future void periods.
Ian Potter, Operations Manager at ARLA, said: “Void periods can cause uncertainty and affect overall rental yields.
“While they are a fact of life in the rented sector, there are simple steps that landlords can take to help reduce the chance of a property being untenanted for extended periods.
“These periods without occupancy can also give a landlord a useful window to carry out routine maintenance and any additional work designed to make a property more attractive for incoming tenants.”
ARLA recommends five key points for landlords on void periods:
* Set realistic rents
* Foster good tenant-landlord relations
* Make the property desirable
* See a void as an opportunity
* Hire a letting agent
For more details about the Association of Residential Lettings Agents and its services, visit www.arla.co.uk or contact firstname.lastname@example.org
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