Every landlord has their image of the ideal tenant. With recent statistics from the English Housing Survey now showing that 4.5m households now rent from private landlords – a harmonious relationship between both parties is the only way to ensure a long-term, mutually beneficial tenancy. But what qualities make the perfect tenant, and how do landlords go about choosing tenants?
In a recent study performed by Intus Lettings on the tenant vetting process, 500 landlords were asked to reveal what type of person makes their perfect tenant. According to the poll, the majority of landlords would prefer a couple with no children, with 29% of landlords stating they would prefer to rent to that demographic.
The second favourite type of tenants is single, young professionals, with 1 in four landlords preferring them as a tenant, followed by parents and children, who were favoured by 20% of the surveyed landlords.
Despite representing a lucrative market for landlords willing to invest time and money, the least popular type of tenant was students, with only 1% favouring their demographic.
The study also prompted landlords to specify what aspect of the tenant vetting process will usually persuade them towards signing up a tenant. The majority of respondents (40%) agreed that a good reference was likely to persuade them to agree to a tenancy, followed by the attitude and manner of the prospective tenant during the viewing. The age and marital status of the tenants proved to be the least important factor when it came to how landlords choose tenants.
When it comes to the biggest landlord fears and frustrations, costly damage to their property and furniture were the primary concerns, with failure to pay the rent on time coming in second. So, when choosing tenants, landlords will want to find applicants with a good track record for keeping properties in pristine condition. As such, make sure you secure a gleaming tenant reference.
For any advice regarding Buy to Let or the rental market, get in touch with our team today by filling out the form below:
Property specialist Centrick has invested in new technology which enables its valuation team to increase the quality, efficiency,...
The Build to Rent sector is one of the fastest-growing property formats in the UK, with supply...
November is coming to an end – Christmas lies on the horizon, and New Year’s Day is...
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses cookies to collect anonymous information such as the number of visitors to the site and the most popular pages.
Keeping these cookies enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!