New infographic details why tenants leave a private rented property
Landlord insurance specialists Cover4LetProperty have added a new infographic to their website highlighting the reasons why tenants leave a property in the private rental sector (PRS).
Richard Burgess, Director at Cover4LetProperty, says: “As a landlord, having a good tenant – i.e one who pays their rent on time and looks after the property - is a tenant you want to hang on to. In that vein, we wanted to find out why tenants in the PRS move, to see if the decision to remain or stay could be influenced by the landlord.”
The study* showed that in the last 5 years, the top three reasons from moving from one rented property to another were due to:
- nearly a quarter (23%) relocating to a different area;
- the cost (23%);
- the condition of the property.
The infographic highlights all the reasons why tenants move, including their age band, income and gender, and can be viewed here: http://www.cover4letproperty.co.uk/about-us/why-tenants-move-infographic/ .
*Independent study carried out for Cover4LetProperty by Usurv June 2016 of 100 people aged 25-65.
Richard Burgess, MCIM, ACIEH, Cert CII Director at Cover4LetProperty, telephone: 0845 863 9558 or email: firstname.lastname@example.org
With roots going back to 1946, our clients can benefit from 70 years’ of experience in the landlord insurance marketplace. We are award-winning independent intermediaries and act on behalf of our clients in arranging their buy to let and unoccupied property insurances. Our service includes advising clients on their insurance needs, arranging insurance cover with insurers to meet those requirements and help with any ongoing changes that have to be made to their landlords insurance policies.