A potential perfect storm could be on the horizon as new research reveals that the bounce-back of the rental market following Covid-19 could combine with incoming electrical checks legislation, leading to a backlog of administration for landlords.
According to national provider of property certificates, PropCert, with more moves expected to take place in the coming weeks, around the same time the new legislation is introduced, transactions could be delayed unless property professionals have the necessary processes in place to deal with increased demand for electrical safety checks.
Following the reopening of the property market on May 13 and the ongoing easing of lockdown measures, activity in the rental market has surged. According to Goodlord, both new and completed tenancy applications eclipsed 2019 levels in the first two weeks of June as pent-up rental demand continues to be released.
On June 2, new applications were 122% up on the
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