Private Rented Sector in 2024
As the year 2024 draws to a close, it is often a timeto reflect on the accomplishments, challenges, and growth experienced over the past twelve months. This year has been one of significant change and innovation, with organisations adapting to an evolving private rented sector, regulatory landscapes, and the ever-present need for resilience in a competitive environment.
So many property professionals - landlords & letting agents, have demonstrated remarkable foresight, leveraging opportunities for growth while addressing the challenges that inevitably will arise in. 2025. Reflection not only offers an opportunity to celebrate successes but also provides valuable insights for strategic planning and continuous improvement, ensuring a stronger and more prosperous year ahead.
Managing Cold Weather and Winter in Rental Properties
As Storm Bert took hold on parts of the UK, there are still a number of National Severe Weather Warnings in place for snow and ice. It is therefore important to think ahead and prepare how the weather will impact landlords and tenants. The Met Office is working with the Cabinet Office and their Weather Ready partners to help prepare for and cope with severe weather.
As temperatures drop, rental properties face unique challenges that, if left unaddressed, can lead to significant damage, costly repairs, and tenant dissatisfaction. Landlords have legal obligations under Sections 11–16 of the Landlord and Tenant Act 1985 to ensure that their properties are kept in a safe and habitable condition.
Carbon Monoxide Awareness Week
From 18th to 24th November 2024, we are proud to support Carbon Monoxide Awareness Week. This annual campaign highlights the dangers of carbon monoxide (CO) poisoning and underscores the critical importance of compliance with the Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022.
As the colder months approach, and with the ongoing pressures of rising energy costs, understanding and adhering to these regulations is essential to protecting lives and ensuring properties are safe and compliant.
Housing Minister announces intention to Regulate the Property Sector
Ahead of the BBC’s ‘Leasehold Day’ on the 22nd November 2024, the Housing Minister, Matthew Pennycook, unveiled the government’s plan to transform the property sector by abolishing the leasehold system and replacing it with commonhold as the default tenure.
This pivotal reform is set to be implemented within the current parliamentary term, possibly alongside the long-awaited introduction of the Regulation of Property Agents (ROPA).
The ROPA report, published in 2019, with Lord Best chairing the working group, highlighted the necessity for property agents to possess formal qualifications, ensuring they have the requisite knowledge and skills to serve clients effectively.