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Nov 22, 2024
How Purpose-Built Student Accommodation is Shaping the Future of University Living
As the student housing market evolves, one trend is reshaping university cities across the UK, and nowhere is this more evident than in Manchester: the rise of Purpose-Built Student Accommodation (PBSA). Offering a range of modern amenities and services, PBSA has become the accommodation of choice for students looking to escape traditional rental housing. While this shift may concern private landlords, it also presents opportunities for those willing to adapt and evolve. In this article, we’ll explore how PBSA is redefining the student experience, its impact on the private rental market, and what landlords in Manchester can do to remain competitive in this changing landscape. 1. The Growth of PBSA in Manchester Manchester, home to over 100,000 students across institutions like the University of Manchester and Manchester Metropolitan University, is a hotspot for PBSA development. The demand for high-quality student accommodation has skyrocketed, fueled by increasing student numbers and the desire for modern, hassle-free living. Luxury PBSA offerings in Manchester boast features such as on-site gyms, study lounges, rooftop terraces, and 24-hour security, positioning them as highly attractive to both domestic and international students. With rental prices for PBSA often surpassing £200 per week for premium studios, these properties have become a significant player in the Manchester student housing market. Key takeaway for landlords: The growth of PBSA in Manchester reflects broader national trends, and landlords should keep an eye on the development of these properties, especially in areas like Fallowfield, Oxford Road, and the city centre, which remain prime locations for both PBSA and traditional student rentals. 2. Why Students are Choosing PBSA PBSA offers students several advantages over private rentals: All-inclusive rent (covering utilities, internet, and maintenance) simplifies budgeting. Modern amenities like study rooms, social spaces, and gyms provide a more comfortable living experience. Pastoral care and well-being support on-site, which is increasingly important to students seeking mental health support during their studies. Convenient locations often near university campuses, eliminating the need for long commutes. A recent survey by Knight Frank found that 78% of students consider mental health and well-being support important when choosing accommodation. This level of service, combined with modern conveniences, helps PBSA to stand out against older, sometimes poorly maintained private rental properties. Key takeaway for landlords: The rise of PBSA is rooted in offering a stress-free, student-centered experience. If private landlords want to compete, they should focus on improving the condition of their properties and offering flexible, all-inclusive rent packages. 3. The Impact of PBSA on Private Rentals As PBSA continues to expand, landlords in Manchester are seeing increased competition, especially in areas historically popular with students like Fallowfield and Rusholme. PBSA’s appeal to second- and third-year students — who traditionally moved into shared houses — is particularly significant. This shift may reduce demand for older private rental properties that lack the modern amenities students now expect. Moreover, the maintenance issues commonly associated with older private rentals, such as damp, outdated furnishings, and unreliable heating, are pushing students toward PBSA, where professional management teams ensure quick fixes and regular upkeep. Key takeaway for landlords: While PBSA is taking a growing share of the market, there is still demand for private rentals, particularly among budget-conscious students. Landlords should consider upgrading their properties and investing in modern appliances, better insulation, and high-speed internet to attract students looking for good value. 4. Opportunities for Landlords in Manchester Rather than seeing PBSA as a threat, landlords can explore opportunities to adapt. Here are some strategies to consider: Refurbishment and Modernisation: Upgrading properties with modern kitchens, bathrooms, and communal spaces can help narrow the gap between PBSA and private rentals. Offering high-speed broadband and reliable heating systems is now an expectation rather than an extra. All-Inclusive Rental Packages: Including bills (such as utilities, internet, and even Netflix subscriptions) in the rent can help landlords appeal to students who value simplicity and predictability when budgeting. We've made this easy by partnering with Uni Homes, who offer packages suited to students and sharers that group utilities and services together in one easy weekly package. Flexible Leases: PBSA operators often allow students to stay beyond the typical academic year, which can be attractive to international students or those taking summer courses. Offering flexibility in leases can make private rentals more appealing. Target Niche Markets: Not every student can afford the premium prices of PBSA. Landlords with well-located but affordable properties can still find a market among students who need cheaper accommodation. Consider focusing on large shared houses for groups of students, which can offer more space and lower costs per person compared to PBSA. Student Support Services: Taking inspiration from PBSA, private landlords could consider partnering with local student support services or universities to offer additional care and assistance to tenants. Offering resources or a point of contact for maintenance issues and student well-being can provide a competitive edge. 5. Is PBSA Here to Stay? PBSA is more than a passing trend; it’s quickly becoming the standard for student accommodation in cities like Manchester. With more students prioritizing comfort, security, and convenience, the demand for high-quality accommodation is likely to increase. By the end of the decade, a majority of students are expected to opt for PBSA over traditional rentals, according to recent studies. However, the private rental market is not disappearing. Many students still seek more affordable alternatives, and savvy landlords can continue to thrive by updating their properties and staying attuned to the changing needs of students. Key takeaway for landlords: While PBSA might dominate headlines, there’s still room in the market for well-managed, cost-effective private rentals, especially for students who prioritize affordability over luxury. Conclusion Purpose-Built Student Accommodation is transforming the student housing market, particularly in major university cities like Manchester. However, for landlords, this shift also brings opportunities. By modernizing properties, offering competitive amenities, and providing flexible, student-friendly rental options, private landlords can continue to attract tenants in this evolving landscape. The student accommodation market is becoming more diverse, and while PBSA might dominate the high end, private landlords who adapt can still play a crucial role in offering affordable, quality housing to Manchester’s growing student population....
Nov 15, 2024
Why We Choose OnTheMarket for Property Listings – And Why It Matters for You
Since we started listing our properties on OnTheMarket back in 2017, we’ve seen firsthand the value it provides. Whether you’re a landlord looking for quality tenants or a tenant searching for your next home, we believe OnTheMarket is a platform worth knowing about. Recently, OnTheMarket shared some impressive growth statistics that highlight just how far they’ve come in the past year, and the enhancements they’ve made to improve the user experience. We'd like to share that with you here: Impressive Growth and Reach: Since being acquired by CoStar Group just 10 months ago, OnTheMarket has seen significant growth: A +212% increase in website traffic and a +348% growth in unique visitors. A +76% rise in leads, meaning more opportunities for landlords to find suitable tenants. 45% more properties are now listed on the site, with a 27% increase in estate agents using the platform to reach potential renters and buyers. Innovations for a Better User Experience: Desktop map-list view: OnTheMarket became the first major UK property portal to launch a default map-list view, making it easier to see property locations at a glance. Cleaner browsing: The removal of third-party ads from property search results and details pages ensures a smoother, more enjoyable experience for users. We really appreciate this feature. Collaborative search: A unique new feature allows users to create saved lists and invite friends or family to join in the property search and provide feedback. “Very Important Places”: This feature displays the distances from key locations like schools or workplaces to each listed property, making it easier to find a home that fits your lifestyle. Faster browsing: Significant improvements in website speed and performance make searching for properties quicker and more seamless. Outpacing Competitors: According to Similarweb data, OnTheMarket is now the fastest-growing property portal in the UK, with a +90% increase in website traffic from September 2023 to September 2024. In comparison, other well-known portals like Zoopla and Rightmove have seen declines in traffic, with -9% and -1%, respectively. We’re committed to using platforms that deliver value and results. With OnTheMarket’s recent enhancements and growing popularity, we continue to find that the quality of applicants coming through their platform is excellent, and the site itself is easy for both landlords and tenants to navigate. If you’re a landlord, listing with us means your property will benefit from exposure on the fastest-growing property portal in the UK, reaching a wider audience and increasing the chances of finding the right tenant quickly. For tenants, OnTheMarket offers a user-friendly search experience, ensuring you find your next home with ease....
Nov 11, 2024
Understanding and Tackling Mould in Rented Homes: A Guide for Tenants
Mould and damp issues can be frustrating for tenants, especially when they’re caused by condensation. As winter approaches and the temperature drops, condensation—and subsequently mould—becomes a common concern in many households. Understanding the causes and taking preventative measures can make a significant difference in protecting both your health and your home. In this article, we’ll explore how to identify mould caused by condensation, understand why it happens, and provide tips on how to manage it. We’ll also highlight relevant clauses in your Assured Shorthold Tenancy (AST) agreement, including those that outline your responsibilities around cleaning and ventilation. Identifying Mould Caused by Condensation Condensation is a leading cause of damp and mould in homes, especially in colder months. Unlike penetrating or rising damp, condensation-related damp is typically surface-level and can often be seen on walls, windows, and other surfaces where warm, moist air meets a cold surface. Here’s how to tell if you’re dealing with condensation-based mould: Location: Condensation damp usually appears on or near windows, external walls, and in areas with poor ventilation like bathrooms and kitchens. Appearance: Mould from condensation is often black or greenish in colour and tends to look patchy/spotty, spreading out in clusters on walls, ceilings, or around windows. Accompanying Signs: If you notice persistent fogging on your windows, damp spots on your walls, or water pooling on surfaces, it’s likely caused by condensation. Why Does Condensation Happen? Condensation forms when warm, humid air comes into contact with cooler surfaces. As the air cools down, it loses the ability to hold moisture, which then collects on these surfaces. Here are common reasons this happens in rented properties: Poor Ventilation: When there’s insufficient airflow, moisture in the air has nowhere to escape, leading to condensation. High Humidity Activities: Everyday activities like cooking, showering, and drying clothes indoors without proper ventilation can add moisture to the air. Cooler Indoor Temperatures: If a property isn’t kept warm enough, the temperature difference between warm air and cold surfaces increases, making condensation more likely. Tips for Preventing Condensation and Mould Growth Taking a proactive approach to prevent condensation can save you from dealing with mould growth down the line. Here are practical steps to help reduce moisture build-up in your home: Ventilate the Property Regularly Ensure your home is well-ventilated by opening windows (especially in the kitchen and bathroom) and using extractor fans where possible. This is particularly important after cooking, showering, or drying clothes indoors. Many AST agreements, stipulate that tenants must “take all appropriate precautions to ensure adequate ventilation.” Heat Rooms Consistently Keeping a steady, mild temperature can help reduce condensation. Try to avoid letting rooms get too cold, as this will encourage moisture to settle on cold surfaces. Even a low level of background heating can make a difference in colder months. While this can be a challenge when it comes to cost, it is an important step to present mould growth. Avoid Drying Clothes Indoors If possible, try to dry clothes outdoors or use a dryer with proper ventilation. If you need to dry clothes indoors, try placing them in a well-ventilated area and using a dehumidifier to absorb extra moisture such as a bathroom with closed door with the extractor fan on. Clean and Maintain Windows Many ASTs requires tenants to keep the windows clean. This is essential, as water droplets that are left, will make window frames wet and bread mould. Dirt and grime can trap moisture, making condensation more likely to form on windows. Regularly wiping down windows and their frames can help minimise condensation and mould. Use Dehumidifiers Dehumidifiers can help reduce the amount of moisture in the air, especially in areas that tend to stay damp. Portable, affordable dehumidifiers are widely available and can be a worthwhile investment for rooms that experience frequent condensation. Avoid the cheap disposable kinds and instead opt for an electronic appliance. Clean Mould Promptly If you notice mould beginning to develop, clean it off as soon as possible. AST agreements require tenants to clean items that have become soiled. Use an appropriate anti-mould cleaner, and wear gloves and a mask to avoid exposure. Addressing the mould early will help prevent it from spreading further. What to Do if Mould Persists If you’ve followed these preventative steps but continue to experience mould problems, it may indicate a structural issue such as poor insulation, inadequate ventilation systems, or other building-related problems. In such cases, notify your landlord or property manager in writing. They are responsible for ensuring the property is fit for habitation, including addressing significant issues that contribute to damp and mould. Your responsibility as a tenant is generally limited to maintaining reasonable ventilation and cleanliness, as stated in the AST clauses 8.2.8–8.2.10. Beyond that, it’s the landlord’s duty to tackle structural issues. Summary Checklist: Preventing Mould Caused by Condensation Ensure regular ventilation, especially in high-humidity areas. Keep a consistent mild temperature throughout the home. Avoid indoor drying of clothes or use a dehumidifier. Clean windows and frames to prevent moisture buildup. Use a dehumidifier in persistently damp rooms. Report ongoing issues to your landlord if mould persists despite following these steps. Final Thoughts Dealing with mould caused by condensation is a common challenge for tenants, but taking preventative steps can make a big difference. By understanding what causes condensation and taking proactive measures, you can help keep your living environment healthier and more comfortable. Remember, check your AST for specific clauses...
Nov 8, 2024
What Tenants Want: Insights on Periodic vs Fixed-Term Tenancies
As the UK government pushes forward with rental reforms, one of the most debated issues for both landlords and tenants is the type of tenancy agreement that works best: fixed-term or periodic. Labour’s Renters’ Rights Bill proposes to make all tenancies periodic by default, giving tenants more flexibility. While this change has been welcomed by some, others—particularly landlords—are cautious about what this will mean for their rental businesses. In the North West, where demand for rental properties is high, understanding what tenants really want from their rental agreements can help landlords make informed decisions about how to structure their lets. In this article, we explore the pros and cons of both periodic and fixed-term tenancies, and what tenants and landlords in the North West should know about the upcoming changes. Fixed-Term Tenancies: Stability and Predictability Traditionally, fixed-term tenancies—typically lasting between 6 to 12 months—have been the standard choice in the UK rental market. Under these agreements, both tenants and landlords commit to a set period, providing stability for both parties. Why Tenants Choose Fixed-Term Agreements: Many tenants, especially those with families or those living in cities like Manchester where rent is competitive, prefer the security of knowing their rent won’t increase during the term, and they won’t face the risk of needing to move unexpectedly. For tenants, a fixed-term agreement offers peace of mind, particularly when they are planning to stay in one place for longer. Benefits for Landlords: For landlords, fixed-term tenancies provide a level of predictability. You know when your property will be available again, and you can plan for any repairs, upgrades, or rent reviews well in advance. Fixed-term agreements also reduce the administrative burden of frequent tenant changes. North West Insight: According to the Goodlord State of the Lettings Industry Report, 58.5% of tenants in the North West still prefer fixed-term tenancies. Many see it as a way to lock in stability, particularly in competitive rental markets like Manchester, where properties can be difficult to secure. Periodic Tenancies: Flexibility for Tenants, Uncertainty for Landlords Under a periodic tenancy, tenants are not tied to a long-term contract and can end the agreement by giving the required notice—usually one to two months. Labour’s Renters’ Rights Bill aims to make periodic tenancies the default for all renters, offering more flexibility and control over their living arrangements. Why Tenants Want Periodic Agreements: Flexibility is the main appeal of periodic tenancies. Tenants in more transient situations—such as students or professionals on short-term work contracts—appreciate being able to move with minimal notice. This can be particularly useful for those who are unsure of their long-term plans or may need to relocate for work or personal reasons. Challenges for Landlords: While tenants may appreciate the flexibility, periodic tenancies create more uncertainty for landlords. The prospect of frequent turnover can result in more vacancy periods, increased maintenance, and the added administrative burden of finding new tenants. This is especially true in areas like Manchester, where tenant demand is high, and filling vacant properties quickly is crucial for maintaining cash flow. North West Insight: Despite the push for periodic tenancies, only 29.7% of tenants in the North West prefer them. Most tenants still value the stability and predictability that fixed-term tenancies offer, even if periodic agreements provide more flexibility. The Pros and Cons of Both Tenancy Types Fixed-Term Tenancies Pros for Tenants: Security, predictable rent, and protection from sudden eviction during the term. Pros for Landlords: Guaranteed rental income for a set period, easier property management, and fewer administrative tasks. Cons for Tenants: Less flexibility to move quickly if circumstances change. Cons for Landlords: Tenants may be less willing to renew, especially if they’re dissatisfied with the property or if rents in the area have decreased. Periodic Tenancies Pros for Tenants: Flexibility to leave with minimal notice, ideal for those with uncertain or short-term plans. Pros for Landlords: Ability to increase rent more frequently and adjust terms more easily if market conditions change. Cons for Tenants: Less security, with the potential for rent increases or the need to move at short notice. Cons for Landlords: Increased risk of vacancy periods, higher turnover, and more frequent administrative work to manage tenants. What Tenants Really Want: Striking a Balance The data shows that while Labour’s reforms favour periodic tenancies, many tenants in the North West still prefer the security of fixed-term agreements. So how can landlords balance the desire for flexibility with the need for stability? Offer Flexibility in Fixed-Term Contracts - One way to meet tenants halfway is to offer flexibility within fixed-term agreements. For example, consider allowing tenants to break the lease early under certain conditions (e.g., job relocation or personal emergencies). This can make your property more appealing without sacrificing the benefits of a fixed-term agreement. Encourage Longer Tenancies with Incentives - Offering incentives, such as rent freezes or slight discounts for tenants who sign longer contracts, can help reduce turnover. Tenants may be more willing to commit to a fixed-term agreement if they feel they are getting added value. Open Communication with Tenants - Understanding your tenants’ needs is key. Whether they prefer stability or flexibility, having clear communication from the start will help you create tenancy agreements that work for both parties. Regular check-ins can help address any concerns early, reducing the likelihood of tenants leaving prematurely. Consider Market Conditions - In competitive rental markets like Manchester, where demand is high, offering flexibility can set your property apart from others. However, if the market slows, having tenants locked into fixed-term agreements may provide more security for your rental income. The Future of Tenancy Agreements As Labour’s Renters’ Rights Bill moves forward, landlords need to be prepared for the possibility that periodic tenancies may become the norm. While this may offer more flexibility for tenants, it introduces uncertainty for landlords who rely on predictable rental income and low turnover. The key to navigating these changes is understanding what tenants in your area want and offering tenancy agreements that provide a balance of flexibility and security. By staying informed and adapting your strategy, you can ensure your properties remain attractive to tenants, regardless of how tenancy laws evolve. Conclusion: Navigating the Changing Tenancy Landscape Whether you favuor fixed-term or periodic tenancies, the most important thing is to offer agreements that meet both your needs and the needs of your tenants. In the North West, where demand remains strong, there is still a clear preference for the stability that fixed-term tenancies offer. However, as the Renters’ Rights Bill progresses, landlords will need to adapt to ensure they remain compliant while also meeting tenant expectations. If you’re unsure about how these changes will affect your rental portfolio or would like advice on structuring your tenancy agreements, get in touch with us today. We’re here to help you navigate the evolving rental landscape with confidence. Source of Data: The statistics and insights mentioned in this article are based on findings from Goodlord’s State of the Lettings Industry Report 2024, with a focus on tenancy preferences in the North West....
Nov 22, 2024
How Purpose-Built Student Accommodation is Shaping the Future of University Living
As the student housing market evolves, one trend is reshaping university cities across the UK, and nowhere is this more evident than in Manchester: the rise of Purpose-Built Student Accommodation (PBSA). Offering a range of modern amenities and services, PBSA has become the accommodation of choice for students looking to escape traditional rental housing. While this shift may concern private landlords, it also presents opportunities for those willing to adapt and evolve. In this article, we’ll explore how PBSA is redefining the student experience, its impact on the private rental market, and what landlords in Manchester can do to remain competitive in this changing landscape. 1. The Growth of PBSA in Manchester Manchester, home to over 100,000 students across institutions like the University of Manchester and Manchester Metropolitan University, is a hotspot for PBSA development. The demand for high-quality student accommodation has skyrocketed, fueled by increasing student numbers and the desire for modern, hassle-free living. Luxury PBSA offerings in Manchester boast features such as on-site gyms, study lounges, rooftop terraces, and 24-hour security, positioning them as highly attractive to both domestic and international students. With rental prices for PBSA often surpassing £200 per week for premium studios, these properties have become a significant player in the Manchester student housing market. Key takeaway for landlords: The growth of PBSA in Manchester reflects broader national trends, and landlords should keep an eye on the development of these properties, especially in areas like Fallowfield, Oxford Road, and the city centre, which remain prime locations for both PBSA and traditional student rentals. 2. Why Students are Choosing PBSA PBSA offers students several advantages over private rentals: All-inclusive rent (covering utilities, internet, and maintenance) simplifies budgeting. Modern amenities like study rooms, social spaces, and gyms provide a more comfortable living experience. Pastoral care and well-being support on-site, which is increasingly important to students seeking mental health support during their studies. Convenient locations often near university campuses, eliminating the need for long commutes. A recent survey by Knight Frank found that 78% of students consider mental health and well-being support important when choosing accommodation. This level of service, combined with modern conveniences, helps PBSA to stand out against older, sometimes poorly maintained private rental properties. Key takeaway for landlords: The rise of PBSA is rooted in offering a stress-free, student-centered experience. If private landlords want to compete, they should focus on improving the condition of their properties and offering flexible, all-inclusive rent packages. 3. The Impact of PBSA on Private Rentals As PBSA continues to expand, landlords in Manchester are seeing increased competition, especially in areas historically popular with students like Fallowfield and Rusholme. PBSA’s appeal to second- and third-year students — who traditionally moved into shared houses — is particularly significant. This shift may reduce demand for older private rental properties that lack the modern amenities students now expect. Moreover, the maintenance issues commonly associated with older private rentals, such as damp, outdated furnishings, and unreliable heating, are pushing students toward PBSA, where professional management teams ensure quick fixes and regular upkeep. Key takeaway for landlords: While PBSA is taking a growing share of the market, there is still demand for private rentals, particularly among budget-conscious students. Landlords should consider upgrading their properties and investing in modern appliances, better insulation, and high-speed internet to attract students looking for good value. 4. Opportunities for Landlords in Manchester Rather than seeing PBSA as a threat, landlords can explore opportunities to adapt. Here are some strategies to consider: Refurbishment and Modernisation: Upgrading properties with modern kitchens, bathrooms, and communal spaces can help narrow the gap between PBSA and private rentals. Offering high-speed broadband and reliable heating systems is now an expectation rather than an extra. All-Inclusive Rental Packages: Including bills (such as utilities, internet, and even Netflix subscriptions) in the rent can help landlords appeal to students who value simplicity and predictability when budgeting. We've made this easy by partnering with Uni Homes, who offer packages suited to students and sharers that group utilities and services together in one easy weekly package. Flexible Leases: PBSA operators often allow students to stay beyond the typical academic year, which can be attractive to international students or those taking summer courses. Offering flexibility in leases can make private rentals more appealing. Target Niche Markets: Not every student can afford the premium prices of PBSA. Landlords with well-located but affordable properties can still find a market among students who need cheaper accommodation. Consider focusing on large shared houses for groups of students, which can offer more space and lower costs per person compared to PBSA. Student Support Services: Taking inspiration from PBSA, private landlords could consider partnering with local student support services or universities to offer additional care and assistance to tenants. Offering resources or a point of contact for maintenance issues and student well-being can provide a competitive edge. 5. Is PBSA Here to Stay? PBSA is more than a passing trend; it’s quickly becoming the standard for student accommodation in cities like Manchester. With more students prioritizing comfort, security, and convenience, the demand for high-quality accommodation is likely to increase. By the end of the decade, a majority of students are expected to opt for PBSA over traditional rentals, according to recent studies. However, the private rental market is not disappearing. Many students still seek more affordable alternatives, and savvy landlords can continue to thrive by updating their properties and staying attuned to the changing needs of students. Key takeaway for landlords: While PBSA might dominate headlines, there’s still room in the market for well-managed, cost-effective private rentals, especially for students who prioritize affordability over luxury. Conclusion Purpose-Built Student Accommodation is transforming the student housing market, particularly in major university cities like Manchester. However, for landlords, this shift also brings opportunities. By modernizing properties, offering competitive amenities, and providing flexible, student-friendly rental options, private landlords can continue to attract tenants in this evolving landscape. The student accommodation market is becoming more diverse, and while PBSA might dominate the high end, private landlords who adapt can still play a crucial role in offering affordable, quality housing to Manchester’s growing student population....
Nov 15, 2024
Why We Choose OnTheMarket for Property Listings – And Why It Matters for You
Since we started listing our properties on OnTheMarket back in 2017, we’ve seen firsthand the value it provides. Whether you’re a landlord looking for quality tenants or a tenant searching for your next home, we believe OnTheMarket is a platform worth knowing about. Recently, OnTheMarket shared some impressive growth statistics that highlight just how far they’ve come in the past year, and the enhancements they’ve made to improve the user experience. We'd like to share that with you here: Impressive Growth and Reach: Since being acquired by CoStar Group just 10 months ago, OnTheMarket has seen significant growth: A +212% increase in website traffic and a +348% growth in unique visitors. A +76% rise in leads, meaning more opportunities for landlords to find suitable tenants. 45% more properties are now listed on the site, with a 27% increase in estate agents using the platform to reach potential renters and buyers. Innovations for a Better User Experience: Desktop map-list view: OnTheMarket became the first major UK property portal to launch a default map-list view, making it easier to see property locations at a glance. Cleaner browsing: The removal of third-party ads from property search results and details pages ensures a smoother, more enjoyable experience for users. We really appreciate this feature. Collaborative search: A unique new feature allows users to create saved lists and invite friends or family to join in the property search and provide feedback. “Very Important Places”: This feature displays the distances from key locations like schools or workplaces to each listed property, making it easier to find a home that fits your lifestyle. Faster browsing: Significant improvements in website speed and performance make searching for properties quicker and more seamless. Outpacing Competitors: According to Similarweb data, OnTheMarket is now the fastest-growing property portal in the UK, with a +90% increase in website traffic from September 2023 to September 2024. In comparison, other well-known portals like Zoopla and Rightmove have seen declines in traffic, with -9% and -1%, respectively. We’re committed to using platforms that deliver value and results. With OnTheMarket’s recent enhancements and growing popularity, we continue to find that the quality of applicants coming through their platform is excellent, and the site itself is easy for both landlords and tenants to navigate. If you’re a landlord, listing with us means your property will benefit from exposure on the fastest-growing property portal in the UK, reaching a wider audience and increasing the chances of finding the right tenant quickly. For tenants, OnTheMarket offers a user-friendly search experience, ensuring you find your next home with ease....
Nov 11, 2024
Understanding and Tackling Mould in Rented Homes: A Guide for Tenants
Mould and damp issues can be frustrating for tenants, especially when they’re caused by condensation. As winter approaches and the temperature drops, condensation—and subsequently mould—becomes a common concern in many households. Understanding the causes and taking preventative measures can make a significant difference in protecting both your health and your home. In this article, we’ll explore how to identify mould caused by condensation, understand why it happens, and provide tips on how to manage it. We’ll also highlight relevant clauses in your Assured Shorthold Tenancy (AST) agreement, including those that outline your responsibilities around cleaning and ventilation. Identifying Mould Caused by Condensation Condensation is a leading cause of damp and mould in homes, especially in colder months. Unlike penetrating or rising damp, condensation-related damp is typically surface-level and can often be seen on walls, windows, and other surfaces where warm, moist air meets a cold surface. Here’s how to tell if you’re dealing with condensation-based mould: Location: Condensation damp usually appears on or near windows, external walls, and in areas with poor ventilation like bathrooms and kitchens. Appearance: Mould from condensation is often black or greenish in colour and tends to look patchy/spotty, spreading out in clusters on walls, ceilings, or around windows. Accompanying Signs: If you notice persistent fogging on your windows, damp spots on your walls, or water pooling on surfaces, it’s likely caused by condensation. Why Does Condensation Happen? Condensation forms when warm, humid air comes into contact with cooler surfaces. As the air cools down, it loses the ability to hold moisture, which then collects on these surfaces. Here are common reasons this happens in rented properties: Poor Ventilation: When there’s insufficient airflow, moisture in the air has nowhere to escape, leading to condensation. High Humidity Activities: Everyday activities like cooking, showering, and drying clothes indoors without proper ventilation can add moisture to the air. Cooler Indoor Temperatures: If a property isn’t kept warm enough, the temperature difference between warm air and cold surfaces increases, making condensation more likely. Tips for Preventing Condensation and Mould Growth Taking a proactive approach to prevent condensation can save you from dealing with mould growth down the line. Here are practical steps to help reduce moisture build-up in your home: Ventilate the Property Regularly Ensure your home is well-ventilated by opening windows (especially in the kitchen and bathroom) and using extractor fans where possible. This is particularly important after cooking, showering, or drying clothes indoors. Many AST agreements, stipulate that tenants must “take all appropriate precautions to ensure adequate ventilation.” Heat Rooms Consistently Keeping a steady, mild temperature can help reduce condensation. Try to avoid letting rooms get too cold, as this will encourage moisture to settle on cold surfaces. Even a low level of background heating can make a difference in colder months. While this can be a challenge when it comes to cost, it is an important step to present mould growth. Avoid Drying Clothes Indoors If possible, try to dry clothes outdoors or use a dryer with proper ventilation. If you need to dry clothes indoors, try placing them in a well-ventilated area and using a dehumidifier to absorb extra moisture such as a bathroom with closed door with the extractor fan on. Clean and Maintain Windows Many ASTs requires tenants to keep the windows clean. This is essential, as water droplets that are left, will make window frames wet and bread mould. Dirt and grime can trap moisture, making condensation more likely to form on windows. Regularly wiping down windows and their frames can help minimise condensation and mould. Use Dehumidifiers Dehumidifiers can help reduce the amount of moisture in the air, especially in areas that tend to stay damp. Portable, affordable dehumidifiers are widely available and can be a worthwhile investment for rooms that experience frequent condensation. Avoid the cheap disposable kinds and instead opt for an electronic appliance. Clean Mould Promptly If you notice mould beginning to develop, clean it off as soon as possible. AST agreements require tenants to clean items that have become soiled. Use an appropriate anti-mould cleaner, and wear gloves and a mask to avoid exposure. Addressing the mould early will help prevent it from spreading further. What to Do if Mould Persists If you’ve followed these preventative steps but continue to experience mould problems, it may indicate a structural issue such as poor insulation, inadequate ventilation systems, or other building-related problems. In such cases, notify your landlord or property manager in writing. They are responsible for ensuring the property is fit for habitation, including addressing significant issues that contribute to damp and mould. Your responsibility as a tenant is generally limited to maintaining reasonable ventilation and cleanliness, as stated in the AST clauses 8.2.8–8.2.10. Beyond that, it’s the landlord’s duty to tackle structural issues. Summary Checklist: Preventing Mould Caused by Condensation Ensure regular ventilation, especially in high-humidity areas. Keep a consistent mild temperature throughout the home. Avoid indoor drying of clothes or use a dehumidifier. Clean windows and frames to prevent moisture buildup. Use a dehumidifier in persistently damp rooms. Report ongoing issues to your landlord if mould persists despite following these steps. Final Thoughts Dealing with mould caused by condensation is a common challenge for tenants, but taking preventative steps can make a big difference. By understanding what causes condensation and taking proactive measures, you can help keep your living environment healthier and more comfortable. Remember, check your AST for specific clauses...
Nov 8, 2024
What Tenants Want: Insights on Periodic vs Fixed-Term Tenancies
As the UK government pushes forward with rental reforms, one of the most debated issues for both landlords and tenants is the type of tenancy agreement that works best: fixed-term or periodic. Labour’s Renters’ Rights Bill proposes to make all tenancies periodic by default, giving tenants more flexibility. While this change has been welcomed by some, others—particularly landlords—are cautious about what this will mean for their rental businesses. In the North West, where demand for rental properties is high, understanding what tenants really want from their rental agreements can help landlords make informed decisions about how to structure their lets. In this article, we explore the pros and cons of both periodic and fixed-term tenancies, and what tenants and landlords in the North West should know about the upcoming changes. Fixed-Term Tenancies: Stability and Predictability Traditionally, fixed-term tenancies—typically lasting between 6 to 12 months—have been the standard choice in the UK rental market. Under these agreements, both tenants and landlords commit to a set period, providing stability for both parties. Why Tenants Choose Fixed-Term Agreements: Many tenants, especially those with families or those living in cities like Manchester where rent is competitive, prefer the security of knowing their rent won’t increase during the term, and they won’t face the risk of needing to move unexpectedly. For tenants, a fixed-term agreement offers peace of mind, particularly when they are planning to stay in one place for longer. Benefits for Landlords: For landlords, fixed-term tenancies provide a level of predictability. You know when your property will be available again, and you can plan for any repairs, upgrades, or rent reviews well in advance. Fixed-term agreements also reduce the administrative burden of frequent tenant changes. North West Insight: According to the Goodlord State of the Lettings Industry Report, 58.5% of tenants in the North West still prefer fixed-term tenancies. Many see it as a way to lock in stability, particularly in competitive rental markets like Manchester, where properties can be difficult to secure. Periodic Tenancies: Flexibility for Tenants, Uncertainty for Landlords Under a periodic tenancy, tenants are not tied to a long-term contract and can end the agreement by giving the required notice—usually one to two months. Labour’s Renters’ Rights Bill aims to make periodic tenancies the default for all renters, offering more flexibility and control over their living arrangements. Why Tenants Want Periodic Agreements: Flexibility is the main appeal of periodic tenancies. Tenants in more transient situations—such as students or professionals on short-term work contracts—appreciate being able to move with minimal notice. This can be particularly useful for those who are unsure of their long-term plans or may need to relocate for work or personal reasons. Challenges for Landlords: While tenants may appreciate the flexibility, periodic tenancies create more uncertainty for landlords. The prospect of frequent turnover can result in more vacancy periods, increased maintenance, and the added administrative burden of finding new tenants. This is especially true in areas like Manchester, where tenant demand is high, and filling vacant properties quickly is crucial for maintaining cash flow. North West Insight: Despite the push for periodic tenancies, only 29.7% of tenants in the North West prefer them. Most tenants still value the stability and predictability that fixed-term tenancies offer, even if periodic agreements provide more flexibility. The Pros and Cons of Both Tenancy Types Fixed-Term Tenancies Pros for Tenants: Security, predictable rent, and protection from sudden eviction during the term. Pros for Landlords: Guaranteed rental income for a set period, easier property management, and fewer administrative tasks. Cons for Tenants: Less flexibility to move quickly if circumstances change. Cons for Landlords: Tenants may be less willing to renew, especially if they’re dissatisfied with the property or if rents in the area have decreased. Periodic Tenancies Pros for Tenants: Flexibility to leave with minimal notice, ideal for those with uncertain or short-term plans. Pros for Landlords: Ability to increase rent more frequently and adjust terms more easily if market conditions change. Cons for Tenants: Less security, with the potential for rent increases or the need to move at short notice. Cons for Landlords: Increased risk of vacancy periods, higher turnover, and more frequent administrative work to manage tenants. What Tenants Really Want: Striking a Balance The data shows that while Labour’s reforms favour periodic tenancies, many tenants in the North West still prefer the security of fixed-term agreements. So how can landlords balance the desire for flexibility with the need for stability? Offer Flexibility in Fixed-Term Contracts - One way to meet tenants halfway is to offer flexibility within fixed-term agreements. For example, consider allowing tenants to break the lease early under certain conditions (e.g., job relocation or personal emergencies). This can make your property more appealing without sacrificing the benefits of a fixed-term agreement. Encourage Longer Tenancies with Incentives - Offering incentives, such as rent freezes or slight discounts for tenants who sign longer contracts, can help reduce turnover. Tenants may be more willing to commit to a fixed-term agreement if they feel they are getting added value. Open Communication with Tenants - Understanding your tenants’ needs is key. Whether they prefer stability or flexibility, having clear communication from the start will help you create tenancy agreements that work for both parties. Regular check-ins can help address any concerns early, reducing the likelihood of tenants leaving prematurely. Consider Market Conditions - In competitive rental markets like Manchester, where demand is high, offering flexibility can set your property apart from others. However, if the market slows, having tenants locked into fixed-term agreements may provide more security for your rental income. The Future of Tenancy Agreements As Labour’s Renters’ Rights Bill moves forward, landlords need to be prepared for the possibility that periodic tenancies may become the norm. While this may offer more flexibility for tenants, it introduces uncertainty for landlords who rely on predictable rental income and low turnover. The key to navigating these changes is understanding what tenants in your area want and offering tenancy agreements that provide a balance of flexibility and security. By staying informed and adapting your strategy, you can ensure your properties remain attractive to tenants, regardless of how tenancy laws evolve. Conclusion: Navigating the Changing Tenancy Landscape Whether you favuor fixed-term or periodic tenancies, the most important thing is to offer agreements that meet both your needs and the needs of your tenants. In the North West, where demand remains strong, there is still a clear preference for the stability that fixed-term tenancies offer. However, as the Renters’ Rights Bill progresses, landlords will need to adapt to ensure they remain compliant while also meeting tenant expectations. If you’re unsure about how these changes will affect your rental portfolio or would like advice on structuring your tenancy agreements, get in touch with us today. We’re here to help you navigate the evolving rental landscape with confidence. Source of Data: The statistics and insights mentioned in this article are based on findings from Goodlord’s State of the Lettings Industry Report 2024, with a focus on tenancy preferences in the North West....
