|March 19, 2021||No Comments|
The last few months have seen a series of announcements from the government, which have had major implications on landlords and tenants alike. Maunder Taylor, who offer residential block management services in North London and Hertfordshire, take a keen interest in all issues which affect the domestic and commercial property market. Here we outline a couple of the more important policy statements of the past few weeks.
In light of the results of the Grenfell Fire inquiry and strong public pressure, the government has put an extra £3.5billion into a fund to remove and replace unsafe cladding from high-rise buildings such as tower blocks. This is on top of a further £1.6bn allocated earlier.
The new funding will mean that all flammable materials will be removed from buildings over 18m in height at no cost whatsoever to leaseholders. However, for those living in blocks below 18m high, they will have to rely on loans to meet the costs of replacing the unsafe cladding.
Although Housing Secretary Robert Jenrick said in the House of Commons that people should not have to pay more than £50 a month for these works, this may still present a problem for many leaseholders, particularly as these payments are likely to continue for many years.
In spite of a concerted effort by opposition parties, the government ruled against extending the scheme to residents of buildings below 18m in height in a recent Commons vote.
The current ban on evictions was due to have ended on 22 February 2021, but the government recognised that some tenants and leaseholders were still experiencing severe financial difficulties as a result of the ongoing coronavirus pandemic. For this reason, the ban on evictions has now been extended until the end of March in England, except in the ‘most serious’ of cases. This extension brings England into line with both Scotland and Wales.
Despite this move, many people across the UK have been building up rent arrears since the pandemic began, as a result of a loss of employment or income.
However, a survey by the National Residential Landlords’ Association suggests that many landlords and tenants have been working together. They estimate that 95% of renters are either continuing to pay the pre-COVID levels of rent, or coming to an agreement with their landlord to pay a reduced amount until their personal situation improves.
What this survey highlights is how important and necessary cooperation between landlords and tenants really is, which is something we at Maunder Taylor would always wholeheartedly support.
As specialists in residential block management in North London and the surrounding area, including Potters Bar, Barnet, Brookmans Park and Hatfield, we do not just act on behalf of landlords – we also help tenants to buy the freehold of their properties and advise them on possible lease extensions.
We appreciate how important it is for both landlords and tenants to come to an amicable agreement, especially in these difficult times, without adding the stress and expense that will ultimately come from taking a dispute to court. If agreement cannot be reached, we regularly give expert, impartial evidence to Courts, Tribunals and at Arbitrations.
If you would like to know more about Maunder Taylor’s services, which also include an estate agency in Whetstone, and commercial property management and business lease renewals advice in North London and Hertfordshire, click on this link and fill in the online contact form. You can also contact our Whetstone office on 020 8446 0011, or, if you have any residential management queries, our Potters Bar office on 01707 665 666.