Void Period Cost Calculator
An empty property costs far more than the missing rent. Add your carrying costs to see what a void really takes out of the year.
Lost rent
£1,012.66
Carrying costs while empty
£736.48
Total cost of this void
£2,199.14
About £78.54 per day
Effective annual rent
£11,000.86
16.7 per cent of a full year's rent lost
The fastest way to shorten a void is to have compliance paperwork, references and the agreement ready to go before the current tenancy ends, so a new tenant can move in the week the old one leaves.
Frequently asked questions
What is a void period?
A void is any time a rental property sits empty between tenancies. You lose the rent and still pay the mortgage, insurance, standing charges and usually council tax.
Who pays council tax during a void?
The landlord is normally liable once the tenancy ends and the property is empty. Some councils give a short exemption or discount on empty homes, and many now charge a premium on homes left empty long term, so check locally.
How do I reduce void periods?
Start re-marketing before the current tenancy ends, keep certificates and paperwork ready so a new let can start immediately, price to the local market rather than to last year, and look after good tenants so they renew.
How much should I budget for voids?
Many landlords budget two to four weeks of lost rent per year per property, higher in student areas where the letting cycle is seasonal. Use your own turnover history where you have it.
This calculator gives general estimates for UK private landlords and letting agents, not legal or tax advice. Figures depend on your circumstances and the rules in your part of the UK. Check the detail or take advice before acting.