RENTERS OR MORE LIKELY TO RENEW CONTRACTS IF RENTING THROUGH AN AGENT

News at Ware & Co | 23/11/2022

  • Renters are more likely to renew their tenancy if they are renting through an agent than directly through a landlord, 75% compared to 68% (Property Academy).
  • Yet nearly half of all private landlords were not using an agent to let or manage their properties, according to a survey of private landlords (DLUHC).
  • Over half (53%) of renters who have an opinion on who they rent from, prefer to use a letting agent rather than deal directly with a landlord (Homelet).
  • The private rented sector has doubled over the last ten years, accounting for 19% of households. 43% of landlords owned just one rental property (DLUHC) and would benefit from the services of a professional agent.

          Source: Dataloft, Property Academy Survey 2022 (6,800+ renters), DLUHC 2021, HomeLet Survey 10,700+ renters 2022

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