Below is a list of frequently asked questions for landlords regarding residential tenancies during the Covid-19 outbreak.
My residential tenant is unable to pay rent which means that I cannot pay my buy to let mortgage. Is there anything I can do?
Most mortgage lenders are enabling borrowers to take a payment holiday of up to three months. If you are unable to make your mortgage payments, you should approach your mortgage lender to see if it is possible to take a payment holiday.
My residential tenant has stopped paying rent, can I terminate the tenancy?
Under the terms of an assured shorthold tenancy, the notice period to terminate the tenancy is usually two months and the notice cannot expire before the end of the initial six-month term. However, the Government has introduced measures which increase this notice period to three months until 30 September 2020 (which may be extended). Therefore, you must give three months’ notice to terminate an assured short hold tenancy, which cannot expire before the end of the initial six-month term.
There are additional provisions which a landlord needs to comply with in order to be able to gain vacant possession of the property. Specific advice should be taken to ensure compliance.
Can I let my property?
Provided all parties follow social distancing measures, tenants, landlords and agents are now free to visit properties for viewings, moving in and cleaning the property after check-out. It is recommended that all physical viewings should be arranged by appointment.
Before tenants move in, the property should be thoroughly cleaned to ensure the risk of contamination to the new tenants is minimized
How can we help?
Our Commercial Property Team is here for you and your business. Contact us and we’ll make sure the right legal advisor gets back to you.
This information is given to the best of our knowledge and does not constitute individual legal advice upon which you can rely. The situation relating to Covid-19 is constantly evolving and may have changed since this document was produced. For up to date advice on your own situation, please contact us before taking any action.