Rent out to help out!
Maryanne Bowring 07/10/2020
661
We’re all used to hearing about the myriad ways that build to rent providers are coming up with to entice renters to sign up. Everything from laundry services, dog walking and yoga classes is on offer somewhere if you’re happy to pay the right provider. But here’s something we haven’t come across before. The Moorfield Group is promoting its Duet Salford Quays development in Manchester as “socially conscious living”.
According to Dougie Orton-Wade who is the general manager of the MediaCityUK-located scheme: “Duet is about more than just enjoyable communal living, it is about the wider community we’re a part of and it wouldn’t be right not to try and give something back”. Sounds good, but what does that mean in practice?
Well, socially conscious living turns out to be more than a bunch of buzzwords. It includes some genuinely great, community-minded ideas. These include regular litter-picks to help keep the local environment clean and tidy, an on-site collection point for the Salford Food Bank and clothing donation points. Duet residents can donate unwanted clothes and accessories to White Rose, an online second hand clothing and accessories retailer that donates all its proceeds to Aegis, an international organisation working to prevent genocide. And all that is in addition to Duet's involvement in Manchester's City of Trees initiative earlier this year where 300 trees were planted - one for each resident - to help reduce carbon emissions and improve the local landscape.
It’s hard to argue with any of that. And residents like it too. The management team at Duet has had a really positive response, with their tenants taking a lot of satisfaction in being able to do their bit for other people – often without having to leave the development. In these Covid times – and with Manchester facing the biggest spike in coronavirus cases in the country - residents at Duet can still make a contribution to their local community, even if they find their block in lockdown.
And that’s the key take-away here. If you make it easy for people to change their behaviour for the better, they probably will. So a hat tip to the team at Duet. Let’s hope other operators will follow suit. Helping BTR residents take an active part in the local community has to be a positive move – and it doesn’t mean they can’t have a gym or a dog grooming service too!
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.