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Monday, July 09, 2012

Rental void periods see increase

The latest ARLA research shows that  average void periods on rental properties have increased back up to 3 weeks, the longest period since Q1 2011.

Ian Potter, Operations Manager at ARLA tried to look on the positive side by saying: “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.”

Whilst advising with five simple points on how best to reduce rental void periods 
  • Set realistic rents
  • Foster good tenant-landlord relations
  • Make the property desirable
  • See a void as an opportunity
  • Hire a letting agent
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