PIMS ≡
  • Facebook
  • Facebook
  • Facebook
  • About us
  • Contact us
  • Join
  • Forgotten Password?

Property Information Made Simple

  • Tenancy Agreement
  • Starting Tenancy
  • Managing Tenancy
  • Ending Tenancy
  • Legislation
  • Letting Agents
  • Latest News
  • Credit Checks
  • Latest Blog
  • Letting Flowchart
  • ABC to Lettings
  • Document Centre
  • Helpline
  • Landlords Insurance
  • EPC
  • Rent in Advance, Pre-Tenancy Payments and the Risk of Getting It Wrong
  • Should Landlords Trust British Gas - 5 Appeals
  • RENTERS RIGHTS INFORMATION SHEET - FINE £7000
  • PIMS Renters Right Compliant - ENDING a Tenancy
  • PIMS New DOCUMENT NEW SECTIONS
  • News archive >

News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Average Time Tenants Stay in City’s Rented ‘Homes’

28th Feb 2020

A latest survey has found that on average UK private tenants stay in their rented homes in major cities for more than a year, however some areas have more than twice as long tenancy averages.

Nottingham
pixabay.com

Research carried out by a manufacturer of energy saving blinds shows that tenants in London on average stay in a property for just a year, whereas in Bristol tenants stay on average for three.

63% of renters who took part in the survey said they were more than happy where they currently live, however 18% were looking to move on. All respondents gave their preferred length of time they like to or have stayed in a rented home.

The list below contains the cities with the average length of stay for tenants in a home:

London – 1 year

Manchester – 1 year and 2 months

Birmingham – 1 year and 6 months

Nottingham – 1 year and 8 months

Cambridge – 2 years

Oxford – 2 years and 3 months

Liverpool – 2 years and 5 months

Newcastle – 2 years and 6 months

Cardiff – 2 years and 10 months

Bristol – 3 years

The top reason why tenants did not stay in the rented homes for too long was to live somewhere cheaper accounting for 35%,followed by 28% because it was closer to work; 17% moved for a better social life and 10% because they could live somewhere nicer and could afford to pay extra.

The survey also found that 28% of tenants had stayed in their rented accommodation because they could not move any earlier because the tenancy agreement.

Interestingly enough according to the research 48% of UK tenants who are living in rented homes are hoping to buy their own home in the near future, but 33% believe that they will never ever be able to afford to buy their own property.

Ashleigh Noon the spokesperson for the company, commented: “Renters are always going to move around more often than homeowners, purely because they have the luxury to be able to do so, whether that’s to move into a nicer home or to save money on what they’re already paying.”



News Archive »


Feedback includes"invaluable service", "Excellent", "A brilliant Website", "worthwhile joining" , "friendly and knowledgeable", "incredibly helpful", "outstanding" Read Reviews

 

 

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


Starting a tenancy
Preparing to let The do's and dont's The vetting process Documents required Using a letting agent The good letting guide
Managing a tenancy
Inspections Maintenance Dealing with problems Renewing a tenancy Rent arrears Dealing with councils Rent increases
Ending a tenancy
The checkout and exit How to deal with a problem tenant Compare eviction notices Recovering debt Enforcing court orders Section 21 notice Section 8 notice
Letting legislations
Housing benefits LHA Maintenance and repair Health and safety Provision of services HMO and licensing Tenant litigation
Site index
Tenancy lifecycle Eviction flowchart Starting a tenancy docs Managing a tenancy docs Ending a tenancy docs News
MasterCard Maestro Visa Visa Electron Switch Solo JCB ePDQ
© 2023 PIMS
  • Home
  • About Us
  • Join
  • Contact us

Website by OddSphere
Memberships are from only £79.95 a year or £29.95 a quarter
X
Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/