26th
May 2023
Apparently a third of all tenants are not only too happy to renew their tenancies but are willing to accept a rent increase if their relationship with the landlord is good, this is according to a UK-based price comparison service and switching website.
The same survey also found that 50 per cent of tenants would be likely to renew their tenancy if they got on well with the landlord but would not accept a rent increase.
Only 10 per cent said they would not renew their contract nor agree to a rent increase.
The survey found the 18-24 age group had the lowest number of tenants basing rental decisions on their landlord relationship - 26 per cent.
But the same age group came out with the second highest vote – 53 per cent - of renewing their tenancy if it came with a rent increase and was just tipped to the line by the 25-34 age group with 54 per cent voting for this option.
Tenants aged 55 and over were the most likely to take into account their landlord relationship when deciding upon rent increases and tenancy extensions, with 44 per cent voting for this option which is 16 per cent higher than the 18-24 age group.
According to tenants the most important factor in having a positive relationship with their landlord is a good level of communication - 71 per cent, with 51 per cent of landlords also agreeing with this.
The vast majority of tenants – 89 per cent – said they had complete faith in their landlords to do their absolute best in resolving any issues related to their ‘home’.
More than half of tenants that took part in the survey – 56 per cent – said they had not had any disputes or fallings out with their landlords.
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