Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
Rental Void Periods in England Fall to 21 Days After New Legislation
Rental void periods across England have decreased to an average of 21 days in June, according to PropertyWire. This is a reduction from 24 days in May, when the Renters' Rights Act came into force.
The report notes that the reduction suggests landlords are adjusting to new legislative requirements. However, void periods remain longer than they were in the previous year.
This trend is relevant for UK letting agents and inventory clerks monitoring changes in the rental market and legislative impacts on property turnover.
Source: PropertyWire