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The Mayor of London, Sadiq Khan, has announced a new initiative to crack down on damp and mould, calling for the UK Government to be tougher on unscrupulous landlords by doubling sanctions if they fail to fix faulty homes. The capital has become increasingly reliant on the private rented sector, which now accounts for 30% of homes in London, significantly higher than the UK average of 20%.
There is a confirmed route to remediation for all buildings over 11 metres in Wales, with ten major UK developers already lined up to complete fire safety works. Alongside new cladding valuation guidance expected from the Royal Institute of Chartered Surveyors (RICS), these plans demonstrate to valuers and lenders that essential work can be carried out at no cost to leaseholders.
A rental property is provided as a home for tenants and must be fit for human habitation (FFHH) throughout the tenancy. As the weather changes, it’s vital for agents to stay on top of property maintenance and make sure issues are put right for their tenants as soon as possible.
School closures made headlines over the summer of 2023, but these are not the only buildings that could be affected by structural issues because of old or badly maintained materials. Property agents need to understand key facts relating to domestic and commercial buildings, especially those who deal with leaseholds.
Please note that Propertymark will be closed on Friday 8 December for training purposes. This includes the ARLA Propertymark Lettings Helpline.