STRATEGIC PLANNING

Strategic Plan To Minimise Void Loss (Rent Lost Due To The Property Being Empty) In Co-Operation With Residents



Strategic Plan To Minimise Void Loss (Rent Lost Due To The Property Being Empty) In Co-Operation With Residents

1.0 Introduction

1.1 Significance of the Report

A property can be considered to be void based over many reasons. Furthermore, this loss may also lead to loss of the local property owners as well as the local authoritative bodies. Among these there are reasons such as eviction, demolition or abandonment. Therefore, the strategy observes ways through which the void properties can be revealed back to utilization in order to reduce the loss of rent due to being empty. The report includes statistics over void homes in England.

1.2 Structure of this Strategy

The subject that has been chosen for strategic planning is the reduction of void loss due to empty property. Mainly four aims were shown along with a detailed explanation to show specific outcomes of the report. This plan also consists of the reasons due to which the cause of the property loss is observed and how different methods can be able to reduce the void loss. The report also shows details about the related background of the policies of the void loss as well as the actions that are needed to be taken by the owners as well as the council to bring back the void property. The strategy also covers a detailed plan that highlights the actions that are needed to be taken. The report also shows that risks for the strategy and the related mitigation of the considered risks.

2.0 Established Aims

There are some aims that were chosen to reduce the void loss due to the emptiness of the property as well as for resident purpose.

Reduction of void days as well as lessening the rent loss over the void properties

Engaging residents in improvement and development services for the customers and what goes on in these areas

Accomplish a steady improvement from effective void management

Recovering of long term properties to utilization.

3.0 Background and Context

A void is any type of property that does not have any tenant in it for an amount of time. The Section 132 of Housing Act of year 2004 shows that the council has the authority to manage and control the void properties that are void for a great amount of time by utilizing of the void dwelling order of management. The strategy would be able to reduce the rent loss by changing the void properties efficiently and quickly to a standard level. This could be done by changing of the post inspection to the pre inspections as well as pre allocation for the profit of minimizing the period of void.

Getting authentic information regarding the requirements of the population over the property issues allow the void management to be more efficient and effective. Through this the void properties are reduced, an improvement is observed for the availability of property for people that are in need and the loss of rent to the council ...