News & Blog

High rent protests gather pace in Jersey

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Rent controls are needed to tackle ineffective housing policy in Jersey, a leading politician has claimed.

With wages lagging behind inflation, the spending power of islanders is less than it was a year ago, as the cost of housing continues to outstrip rising prices.

The average pay rise during the past 12 months was 3.5% - but inflation is ahead at 4.5%, stoked by higher fuel prices and increasing housing costs.

For islanders housing costs have increased by 6% since J...Read more

Wealthy incomers snapping up Jersey’s luxury homes

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Wealthy incomers are ready to pay rents of up to £12,500 a month for luxury homes in Jersey.

Estate agents say the number of wealthy individuals looking for prestigious homes on the island is increasing - up from 119 in 2016 to 151 last year.

One agent - Bradley Vowden, a partner at Gaudin & Co – reports that he has eight prospective tenants prepared to pay six-figure rents while they look to buy or build a home on the island.

And although incomers can only own ...Read more

Jersey Rent Safe scheme extended to agents

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Following the launch last year of the Rent Safe accreditation scheme, designed to assure tenants that landlords meet States’ standards, the scheme is now being extended to include managing agents and letting agents. The scheme, which grades landlords on the quality of the property they are letting out, publishes ratings from three to five stars on the gov.je website.

...Read more

New rented dwellings legislation a step closer

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A new law designed to establish basic standards for rental housing in Jersey has moved another step towards becoming a reality. Environment Minister John Young has lodged proposals for an appointed-day act to be passed. The act will be brought before the States on 11 September and will come into effect on 1 October if approved.

The legislation, the principles of which were passed unanimously by the States last year, will set new minimum standards for property let out to tenants on the...Read more

Jersey dispute workshop highlights

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Suzy Hershman, Head of Dispute Resolution at mydeposits and Arezu Khoshnevissan, mydeposits Business Development Team Manager, visited Jersey early last month to host a workshop for 20 Jersey-based letting agents. It was a great opportunity to share experiences and for us to get your feedback on the issues that matter most to you in Jersey.

 

Find out more in our Q&A with Suzy …

 

Could families be your ideal tenants?

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Despite the perceived risk by many landlords, new research from the National Landlords Association (NLA) suggests that families could be ideal tenants.

Landlords were questioned about the time they spend on property management, business administration and the time taken to respond and deal with maintenance requests in their property.

 

The results

The survey suggests that landlords renting to families and young couples spend on average ...Read more

Our tips for letting to student tenants

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For landlords, letting to students can lead to good rental yields and straightforward annual contracts but it is important to get this right from the start.

New student tenants moving in?

  1. Choose the right agreement. Will you be issuing a Single or Joint Tenancy agreement? This means different liabilities and responsibilities for the tenants so ensure that tenants are clear on your expectations in the property.
  2. Conduct a thorough check...Read more

Keep your property and tenants safe

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With the weather heating up, and windows and doors being left open, opportunistic thieves are on the lookout for easy targets. As a landlord, there are various measures you can take to secure your property and protect your tenants.

Burglaries are uncommon, but most burglaries take place through doors and open windows.

So what can you do to protect your property?

Burglar alarms

It is not a legal requirement to have a burglar alarm in a property,...Read more

Harmonious holiday season – our top tips

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With the countdown to Christmas nearly at an end, it is a good time to consider any potential festive fallout with your tenants and property this season. With forward planning and communication, you can ensure that you all have a harmonious holiday season.

 

Make sure that your property is prepared for winter

 

It is extremely important to ensure that your property is prepared for the harsh winter weather, especially over Christmas and into...Read more

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