My lovely Tenants have lived in my property for some time and want to renew their Tenancy. What are the benefits of this to me as a Landlord?
Well aren’t you lucky! If you have great Tenants then you should probably look to keep them. Remember that the relationship between you as a Landlord, your Tenants and your Lettings Agent is a three way one – by all working together, the Landlord/Tenant relationship can be carefully and happily maintained.
Remember that your Letting Agent is there to ensure that you comply with the ever-changing legislation and to work hard to keep a great working relationship with your Tenants – Happy Tenants mean Happy Landlords!
The main benefit to you is, obviously, that your Tenants look after your property well and that they pay their rent on time. There is also the financial benefit to you. By keeping your current Tenants, you will not risk a void period, have the costs of referencing, check in and check out, inventories, Tenancy Agreements etc.
A good Letting Agent will make sure they negotiate a rent increase to keep you in line with market rent. As you are limited in the rental increase by a maximum of the Consumer Price Index – these figures need to be carefully balanced!
At Fleur Lettings we’re very particular when we choose Tenants as we’re conscious that we’re looking to match the right Tenants with the right properties and Landlords.
Whilst Tenants do move out of their homes for various reasons, at Fleur Lettings we have a very good Tenant retention record! Over the last 12 months 85% of our Tenants have stayed in their homes. Even those who have grown as a family, ask us if we have another property available, so they can stay with Fleur Lettings.
If you need help with this, or any other area of renting out your property, please contact the friendly and knowledgeable Team at Fleur Lettings on 01202 001080.
Fleur Lettings … worth every petal!
T. 01202 001080
E. info@fleurlettings.net
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