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Fall in rents due to the corona crisis

Where the seller of a home is not (yet) affected by falling sales prices, we see this happening with the rents of private sector homes.

Since the beginning of the corona crisis, we have seen a steady decrease in rents, this is partly due to the absence of the many expats who normally come to work here, which means that a landlord is left vacant for longer, but also partly because there are few to no tourists who normally book their holiday accommodation through Airbnb. Landlords of homes that are rented out through Airbnb are now also vacant.

This means that there is now more housing supply on the market than there was before the crisis, and if the housing supply grows, rents will naturally fall.

Obviously, landlords do not want their homes to be vacant for a long time and are therefore increasingly choosing to lower rents.

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Extension of temporary rental contacts during the corona crisis!

Extension of temporary rental contacts during the corona crisis!

During the corona crisis, temporary lease contracts can be extended for a temporary period. This concerns contracts with a maximum term of 2 years.

The urgent bill Temporary Act Extending Temporary Leases was adopted by the Upper House on April 21, 2020. This offers a solution for landlords and tenants with a temporary lease that expires during the corona crisis.

Extension for a short period to a maximum of 1 September 2020!

The emergency law was passed for a short period and an extension was only possible for rental contracts ending between April 1 and June 30, 2020 for a period of 3 months, but up to September 1, 2020. Tenants had the option, after the landlord gave a notice in time about the expiration of the lease, to ask the landlord for an extension. To landlords the request to deal with this leniently and to grant the extension unless they already had agreements before 1 April 2020, for example to sell, demolish or renovate the house, if the landlord wants to live in the house himself, or if the tenant does not behave like a good tenant. Another reason could be that the landlord has already entered into a new lease with a new tenant.

Extension of the extension of the adaptation of the rules for temporary lease agreements up to 1 November 2020!

During the corona crisis, temporary lease agreements can now be extended until November 1, 2020. To give tenants more space and to prevent tenants from getting onto the street, the temporary law ‘extension of temporary lease contracts’ is extended by 2 months.

Leases that expire on August 31, 2020, can now be extended until November 1, 2020. This offers the tenant more space to search for a new home at a time when there are still limited measures. Leases that were previously extended under the temporary law until September 1, can now be extended again until September 1, 2020.

Send notice end of lease!

As a landlord, you are obliged to send a tenant notice of the expiration of the temporary lease. This must be sent in writing to the tenant a maximum of 3 months before and at least 1 month before the end date. During this corona crisis, you must therefore inform the tenant that he has the right to request an extension of the lease. If that has been agreed in writing and you have set a new end date, you must now also send the tenant a notice about the expiry of the lease. This must be sent in writing to the tenant a maximum of 3 months before and at least 1 month before the end date. Again, you must again inform the tenant that he has the right to request an extension of the lease. As long as the corona crisis continues and the restrictive measures continue to apply, there is a good chance that the temporary law ‘extension of temporary leases’ will be extended every time.

Source: National government

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Energy label also for rental!

Energy label also necessary when renting out your home.

We have previously pointed out that when renting out your home, an energy label must also be submitted to the tenant.

Many landlords still think that they only need an energy label if they want to sell the house, nothing could be further from the truth, because when renting out you do have an obligation to provide an energy label to the tenant.

Provisional energy label

In 2015, every home owner received a provisional energy label and had to convert this into a final label. Often there was a considerable difference between the provisional label and the final label because you, as the owner, had already tackled several issues in the field of insulation and yield.

Energy label becomes considerably more expensive!

From 1 January 2021, the energy label will become many times more expensive than is currently the case.
Now an application, which can usually be made online, costs € 7.50 on average. After January 1, it is no longer possible to apply online and an inspector will visit your home to determine the label, the costs of which can then rise to almost € 200.00. That is another huge difference.

Energy label valid for 10 years

An issued energy label is valid for 10 years. It would therefore be wise to convert the provisional energy label into a definitive energy label this year so that you can save a lot of money.

RELO Wonen