With courts now prepared to hear rental property repossession cases again following the end of the ban on evictions, there will inevitably be an increase in notice periods issued by landlords, but it is important that the new rules are well understood, and that is where letting agents could potentially help, according to PayProp.
Landlords have had to wait six months for an opportunity to take action against undesirable tenants with serious rent arrears or those committing offences of anti-social behaviour or domestic abuse.
BTL landlords must understand the new notice periods set by the government. These include a six-month notice period for the majority of repossessions, alongside shorter notice periods of between two weeks and three months for the most serious and urgent issues.
“The new evictions system is more complex than before, with landlords seeking to repossess a property through the courts due to rent arrears required to provide information relating to the effect of the COVID-19 pandemic on tenants,” said Neil Cobbold, Chief Sales Officer at PayProp.
For a variety of reasons, seeking an eviction from today could be a longer and more difficult process than before. Therefore, PayProp is encouraging agents to remind landlords that repossessing a property through the courts is not to be taken lightly and should be considered a last resort – while also being prepared to assist with the changing process where necessary.
According to PayProp, agents can play a crucial part in helping landlords to reduce the need for evictions caused by rent arrears. They can do this through organising affordable repayment plans, digitally recording all payments and automating arrears chasing.
Cobbold added: “Because of the length and complexity of the new eviction process, agencies will need a dedicated eviction expert to help them navigate it. PayProp recently partnered with tenancy management firm AgentSmart so our clients can confidently outsource their eviction proceedings at preferential rates.”