14 Apr

Landlords encouraged to offer longer tenancies

Landlords encouraged to offer longer tenancies

Landlords should consider offering tenants longer tenancy agreements due to strong demand, claims the Association of Independent Inventory Clerks (AIIC).

Research from AIIC based on the English Housing Survey 2014/2015 concluded the average private tenancy length is four years - up from three and a half years in the previous year.

"Despite numerous reports suggesting that the average tenant doesn't want a long term contract, the official statistics show that average tenancy lengths are increasing, particularly among families, as people rent for longer," said Patricia Barber, chair of the AIIC.

The AIIC also suggested that landlords and buy-to-let investors should consider how they can encourage more tenants to stay longer as it will benefit them financially in the long-term.

Landlords are also encouraged to make sure they stay on top of administration duties so that when a tenancy does end all the paperwork is in place.

Ms Barber added: "The longer time goes on, the more likely landlords and tenants are to forget details from the tenancy agreement or important information about the deposit, and that's why stringent administration, including keeping copies of everything and organising it accordingly, is so important."ADNFCR-1222-ID-801816545-ADNFCR

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