Although headline writers like to grab attention with dramatic statements about out of control rent increases, the actual experience of most tenants tells a different story.
The National Landlords Association’s Tenant Research Panel has found that 73% of tenants consider their rent to be “good” or “very good” in terms of value for money. Only one in five considered it “poor” value, and just 3% “very poor”.
Their findings also showed that the majority of landlords are not jacking up their rents like the media portrays, with 72% of tenants saying that their rent has not increased in the last 12 months. 3% even reported a drop.
When it comes to ending a tenancy, just 1% said their landlord was responsible for ending it, and just 0.6% felt they were forced to move out due to increases in their rent.
Carolyn Uphill, Chairman of the NLA, said, “It’s pleasing to see that so many tenants perceive their rent as good value because landlords face a lot of unjustified criticism for the rising costs of living.
“On the whole the findings are encouraging for tenants: they demonstrate that rents on private lets over the past year have remained fairly stable and show that, in reality, very few feel pressured to move out or actually have their tenancy terminated by their landlord – a common misconception.”
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