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Are Students the Best Tenants?

September 13, 2013 | Landlord News   Students  

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The latest Landlord Panel survey of 1,066 landlords by the National Landlords Association (NLA) found that students are the least likely of all tenants to miss a rental payment, with just 38% experiencing arrears in the last 12 months. Pretty impressive compared to 59% among full-time workers and 71% among benefit recipients.

But it gets better! Landlords with student tenants experience the lowest incidence of voids, with just one in three having empty property in the last three months. 40% of landlords who target families experienced an empty property, and 49% for older couples.

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To seal their victory, students and Houses of Multiple Occupation were shown to offer the highest rental yields, at 6.7% and 7% respectively, above the UK average of 6.1%.

Carolyn Uphill, NLA Chairman, said, “It is encouraging to see such positive figures reported by landlords who let to students.

“As a student landlord myself, I know that it can be very hard work and requires the investment of time as many of your tenants are living away from home for the first time. It is this dedication to the relationship that makes letting to students so rewarding.”

 

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