16
Dec
Long-term contracts for buy to let properties 'increasing in
popularity'
The trend of tenants wanting to stay in buy
to let properties for longer is very popular at the moment, a
report has shown.
Research conducted by Girlings Retirement Rentals has revealed that
the greatest attraction that motivates people to rent after they
reach pensionable age is having a lifelong tenancy agreement.
The security of signing a long-term rental contract has grown in
popularity and a third of people now say that this was the top
consideration in deciding whether they wanted to rent a buy
to let home after they began to receive their pension.
This comes before factors such as location, price and size of the
property.
Findings also revealed that 80 per cent of tenants who decided to
rent buy
to let homes when they stopped working said they would
recommend this to friends, while 46 per cent said it has helped
them save money.
Earlier this month, the Royal Institution of Chartered Surveyors
reported that there was a rise in demand for rental accommodation
in the three months leading to the end of October 2010.