Answer: Now more than ever, it is vital to maintain stable, secure and safe tenancies, which is achieved by renewing fixed-term leases. Tenants are encouraged to sign their lease renewals several weeks prior to the end of the lease. Due to the introduction of electronic signing of leases, the lease renewals are processed efficiently and safely without the need for face-to-face meetings or exchange of paperwork. We recommend to owners to consider carefully any rent raises as many tenants’ financial situation will be unsettled and the goodwill an owner shows in these circumstances will benefit you in the long run.
Posted 7th April 2020