26 Sep

Landlords should provide competitive rental rates

Landlords should provide competitive rental rates

Landlords who find themselves with good tenants should provide them with good rental rates on a monthly basis to make sure they can keep them in their property to rent.

This comes as LSL Property Services announced that the price of housing in the UK in the private rented sector is at an all time high of £734 per month, leading to an expert advising the above.

David Lawrenson, private rented sector expert at LettingFocus.com, said that the temptation will be there to drive prices ever higher for landlords, but urged those with desirable tenants to stay competitive to stop them shopping around.

"They want to keep good tenants rather than go through the cost and expense of getting new ones who may not be as good. Once you have got someone that you know, you want to hold on to them. To a certain extent, they are willing to try to accommodate," he said, adding that it is a good idea to keep prices lower than market values.ADNFCR-1222-ID-801457696-ADNFCR

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