Tenants now renting for longer due to high mortgage deposits

February 18, 2012

CIA Let Property Blog

Tenants are now renting for longer because of Mortgage deposits being so high and because of the rise of unemployment people are struggling to save money.

The ARLA (Association of residential letting agents) have recorded that tenants spend an average of 19.3 months in their rented homes – this has increased by 20% from 2009.

Landlords should keep all landlord insurance policies and other insurance they may have for their homes up to date. They should also keep up with property maintainance like carpets, curtains and any other fixtures and fittings.

It is advisable to have an inventory agreement between the landlord and tenant so there is an agreement in place to keep the property maintained.

The ARLA (Association of residential letting agents) are a professional self-regulating body who understands the requirements of the residential lettings market and give advice to landlords and tenants. You can become an ARLA member on their website (www.arla.co.uk), also on their website you can see all information on what tenants and landlords can do to work together to maintain a good relationship throughout the tenancy.

Advertisements
, , , , , , , , , , , , , , , ,

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: