Tenants now Staying for 20 Months
By |Published On: 31st July 2012|

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Tenants now Staying for 20 Months

By |Published On: 31st July 2012|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Statistics from the Association of Residential Letting Agents (ARLA) suggest that tenants are staying in their rental properties for a longer period of time.

The average length of a tenancy is now at an all-time high of 20 months. This is, according to the ARLA, due to the lack of rental properties available. 58% of ARLA letting agents said that there are more tenants looking to rent than there are properties available.[1]

Managing Director of ARLA, Ian Potter said: “The private rented sector is clearly picking up the slack resulting from a flat housing market and the ongoing lack of mortgage finance.[1]

“As tenants stay in properties for longer, the importance of regulation in the sector becomes even more pressing.”[1]

[1] http://www.landlordtoday.co.uk/news_features/Tenants-now-staying-record-20-months-in-properties





About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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