Managing and budgeting for void periods

Void periods erode annual yield more than almost any other single factor, so minimising them and planning for the inevitable gap both matter.

5 min read · Updated 2 August 2026

Overview

Void periods erode annual yield more than almost any other single factor, so minimising them and planning for the inevitable gap both matter.

Reducing turnover

Responsive maintenance, fair renewal terms and early re-marketing before a tenant leaves all reduce the length of a void.

Marketing during notice

Arrange viewings during the outgoing tenant's notice period wherever possible, with their agreement, to shorten the gap.

Budgeting for the gap

Set aside a contingency equivalent to at least one month's rent per property per year to smooth cash flow around voids.

Costs during a void

Council tax, insurance and standing utility charges continue during a void, so factor these into your budgeting alongside lost rent.

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This guide is general information for UK landlords and letting agents, not legal advice. Rules differ across England, Wales, Scotland and Northern Ireland — check your local requirements or take advice before acting.