10:17 AM, 1st September 2021, About 11 months ago 30
Generation Rent wants landlords to cover the moving costs of tenants if they are looking to gain possession to sell or return back to the property as their main residence. They claim these types of unwanted moves cost private renters in England £229m per year and are also calling on the government to introduce open-ended tenancies as part of its reforms to the rental market.
Generation Rent has come up with a median household typical upfront cost of an unplanned move at £1,709 which includes:
The deposit on a new home, worth five weeks’ rent- £808. Two weeks paying rent on two properties while moving – £323. Time off work to view properties, pack, and move home – £250 for 28 hours at minimum wage. Cleaning costs – two hours at £24. Van hire – one day at £34. Broadband installation – £20.
Generation Rent said: “Our summer survey, which had responses from 884 people who have rented from a private landlord in the last 5 years found that over half (56%) paid more rent when they last moved home. Alongside financial costs, almost half (44%) reported having to move further away from friends or family, 15% were further from a hospital, and 5% had to move their children’s school.
“The government has promised a White Paper on reform of the rental market this autumn. We are calling for open-ended tenancies, which would give tenants stability and flexibility, enabling them to put down roots in secure homes that they can call their own. Where landlords wish to sell or move in, they should pay the equivalent of 2 month’s rent towards tenants’ moving costs, to minimise the stress of moving.
“Renters are shelling out millions to pay for house moves that they have no choice but to make. Not only is moving home expensive, it can force renters to move away from essential support networks, family and friends, and can disrupt children’s education. Renters deserve secure and stable homes where they can put down roots in their communities and thrive. With tenancies so short and evictions so common, this right is out of reach for millions of private renters. Generation Rent is calling on the Government to commit to open ended tenancies in the upcoming Renters Reform White Paper, and to make landlords contribute to renters’ moving costs in the event of an unplanned and unavoidable move.”