6 Mar

Not all homes good for rental, landlords advised

Not all homes good for rental, landlords advised

Many homes are not suited to the rental market, an expert on the lettings industry has said.

Chairman of the Residential Landlords Association Alan Ward commented that many new houses that have come on the rental market are owned by people who have been unable to sell them.

However, he suggested, these are not necessarily appropriate, remarking: "People have an emotional attachment to their family homes and rental properties suffer greater wear and tear than owner occupied ones," adding that landlords must "accept this difference".

Those investing in property may consider such comments as they decide how they will manage and maintain them over time.

Figures from the Department for Communities and Local Government produced in January showed that the amount of rental property in Britain rose from 2.7 million households in 2007 to three million last year.
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