Two in five renters intend to rent long term

by Jason McClean

16:36 PM, 26th January 2017
About 2 years ago

Two in five renters intend to rent long term

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Two in five renters intend to rent long term

A trend for long term renting has continued to accelerate, according to a new survey.long term

Two in five renters are not looking to buy a property and intend to rent long term, a survey of 1,000 tenants by the Deposit Protection Service (DPS) has revealed.

While this is good news for landlords, buy to let investors also need to be aware of possible issues with poor drainage or damp within their properties.

85% of respondents to a separate survey had experienced drainage or damp issues during some point of their tenancy.

29% of those who experienced an issue said they didn’t receive any assistance from their landlord.

The most common problem cited by tenants is persistent damp on walls and around windows.

This is closely followed by dripping taps, bad smells from drains, poorly fitted bathrooms and appliances.

“Renting is a flexible option for many people as it better suits their lifestyles and is also a good option for people seeking independence while saving for a deposit,” said a spokesperson for Property 118’s landlord insurance provider Discount Insurance.

“However, landlords need to carry out regular checks on their buy to let properties as issues such as damp are not always caused by the habits of your tenants and can be a result of genuine problems with the drainage facilities,” continued the spokesperson.

Further issues revealed by the survey by drainage firms Lanes Group included low water pressure, blocked drains, leaking pipes and flooding.

Renters in the capital are more likely to experience drainage problems than tenants in other regions as 90% of London tenants taking part said they had contacted their landlord due to plumbing issues.

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