8 Mar

Tenants ‘prefer’ shorter leases

Tenants ‘prefer’ shorter leases

The majority of tenants in private rentals prefer shorter leases, claims new research.

A study conducted by PropertyLetByUs discovered 80 per cent of tenants want a lease that is not longer than two years, with many hoping to eventually buy their own home.

Just one in five of tenants involved in the research wanted a lease that was between two and five years.

"Clearly tenants don’t want long leases. For many, longer than two years does not give them the freedom and flexibility they need. They may find a job, then move on to another one, start out living with friend and then want to move in with a partner," said Jane Morris, the agent’s managing director.

The research also found 60 per cent of tenants living in the private rented sector want to be able to redecorate the property, with many wishing they could change the carpet, while 18 per cent wanted to install a hot tub.

Many landlords prefer longer leases as it means the property is not empty and they do not have the hassle of finding new tenants.

However, the desire of many tenants to redecorate their home does often cause problems, with a report from the Tenant Deposit Scheme showing that redecoration is one of the leading causes of dispute between landlords and the renters.ADNFCR-1222-ID-801814180-ADNFCR

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