The bounce back of the rental market following the Covid-19 crisis combined with incoming electrical checks legislation, is a perfect storm which could lead to a backlog of administration for letting agents and landlords, according to PropCert.
The national provider of property certificates says that 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.
Rental market performs strongly post-lockdown
Following the reopening of the property market on May 13 and the ongoing easing of lockdown measures, activity in the rental market has surged, the latest data shows.
According to Goodlord, both new and completed tenancy applications eclipsed 2019 levels in the first two weeks of June as pent-up rental demand
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