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January 23

2014
by mydeposits
Tenants are happy with their rent

The majority of tenants say their rent provides good value for money, according to a recent poll*.

The research, form the NLA, showed that 73 per cent of tenants rated their rent as ‘good’ or ‘very good’ when asked whether it provided value for money. One in five (20 per cent) said their rent was ‘poor’ value, while only three per cent rated it as ‘very poor’.

The findings also indicate that three quarters of tenants reported paying the same rent (72 per cent) or a lesser amount (3 per cent) compared with a year ago.

Tenancies

When it comes to the tenancy agreement, 85 per cent said they were happy with the length of their most recent agreement, with 79 per cent saying their tenancy was either renewed or continued on to a rolling Statutory Periodic Tenancy (SPT).

And at the end of the tenancy, fewer than two per cent of tenants said their landlord ended it or felt they were forced to move out because of increases to their rent. Just three per cent of tenants said they decided to move out or end their last tenancy.

Carolyn Uphill, Chairman of the National Landlords Association( NLA), said:

“It’s pleasing to see that so many tenants perceive their rent as good value because landlords face a lot of unjustified criticism for the rising costs of living.

“The NLA has long argued that rent levels in the UK are a consequence of a market economy, with the determining factor at present being a chronic undersupply of affordable housing, compounded by lethargic efforts on the part of Government to foster more construction.

“On the whole the findings are encouraging for tenants: they demonstrate that rents on private lets over the past year have remained fairly stable and show that, in reality, very few feel pressured to move out or actually have their tenancy terminated by their landlord – a common misconception.

“However, most important of all the findings suggest that the majority of landlords are in the business of providing good quality, affordable homes and are making sustainable tenancies a mainstay of most tenants’ rental experience”.

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