What is a void period?

What is a void period?

 

A void is when the property is empty and not generating any rent.

Landlords try to minimise void periods.

Many novice landlords who have been told that their buy-to-let property is worth €1500 per month, will then end up with it empty for three months only to then have to let it for €1300 per month.

It is much better for landlords to have a property let at the outset for a realistic rent.  Once a void is experienced then a landlord will never get this money back. It is financially better to get €1300 for 12 months of the year than to get €1500 for 10 months (€15,600 versus €15,000).

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