know your market - what tenants say about rental risks
TRANSCRIPT
Whether you’re a tenant or a landlord, it can be di�cult to know what the other side’s thinking – so what do tenants really think about renting?
Our survey delves right in!
20%
8.2% Bungalows, cottages & studio apartments were the least common
rent a room in a shared house.
Over
A surprising
1
of people surveyed rent a terraced house
Common Rental Properties:
2Rental Agreements:
32%32%More than
of people either didn’t understand or didn’t read their tenancy agreement before they signed it. Take the time to explain it!
How Landlords Are Contacted:
3
Almost
of people rarely or never contact their landlord for major issues
2/3rds
More Than
of people contact for major issues every 6 months – or more frequently.
1/4
Rent Payments
4
of tenants say they’ve had issues paying rent on time or have missed it altogether.
16%
of tenants have been broken into in the last five years
have stayed safe!
Although over
Almost
5
Break-ins & Crime
7%
93%
6Legal Action
3% of all the tenants we surveyed have had to take legal action against their landlord.
Let’s get it to 0%!
Almost
7
How Approachable Is Your Landlord?
Almost 1/3rd of people feel their landlord is
extremely approachable
Another 35% say their landlord is approachable
for the big issues
Although 10% say they’re either not approachable
for big issues or not approachable at all!
1/3 35% 10%
How Easy Are They To Get Hold Of?
of tenants say they �nd their landlord easy to get hold of – which is great!
but almost
say that they're hard to get hold of.
8
83% 1/5th
Landlord Qualities9
48%Being upfront and honest is the most important for
of tenants
Reliability is the most important for of 1/4 all tenants surveyed
1/4
Landlord Qualities9
4%Justsay it’s vital their landlord is polite and understanding – they’d rather them be honest and reliable!
The top three are:
Upfront & honest Reliable & easy to get hold of
Quick to organise repairs
10Most Important Rental Factors
Low Rental PricesHigh EPC Rating
(Energy PerformanceCertificate)
Discounts forlonger tenancies
White goods & appliances included
Basic PropertyMaintenance
Quick responses to complaints
The most important rentalfactors for tenants are:
The least importantfactors for tenants are:
And Finally…
So it’s not all bad news!
16% 76%of tenants say they’re not happy with their landlord – half of these don’t like their property, either.
say they’re happy with both their property AND their landlord.
But a whopping
11
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“This data is based on 200 respondents to a survey carried out on behalf of CIA Insurance”