Void periods shorten after Renters’ Rights Act
Summary
New research cited by Rushbrook & Rathbone suggests average rental void periods in England have shortened since the Renters’ Rights Act was introduced in May, falling from a peak of 24 days to 21 days. The article says landlords are adapting to the new legal framework and using the period to improve compliance and portfolio management, although voids remain longer than a year ago in some areas.
Why it matters
Changes in landlord behaviour and rental turnover can affect local market dynamics, instruction volumes and the timing of inspections, valuations and re-letting activity. Surveyors working in the private rented sector should be aware that compliance-driven management changes may influence vacancy patterns and asset performance.
Key points
- Average void periods across England have fallen to 21 days from 24 days in May.
- Void periods are still two days longer than in June last year.
- The South West saw the largest reduction in void periods, followed by the North East and West Midlands.
- Rushbrook & Rathbone says landlords are becoming more professional and focusing on compliance with the Renters’ Rights Act.
- Some regions, including Yorkshire and the Humber, still show longer voids than a year ago.
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