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KNOW YOUR MARKET - WHAT TENANTS SAY ABOUT RENTAL RISKS

After surveying tenants from around the UK, CIA Insurance have <a href="http://www.cia-landlords.co.uk/let-property-insurance-news/latest-news-story/nid/1671.aspx">produced a full report</a> looking at what people really think about renting - and their landlords!

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KNOW YOUR MARKET - WHAT TENANTS SAY ABOUT RENTAL RISKS

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  1. KNOWYOURMARKET WhatTenantsSayAboutRentalRisks

  2. Whetheryou’reatenantoralandlord,itcanbediflculttoknowwhattheotherside’sthinking–sowhatdotenantsreallythinkaboutrenting?Whetheryou’reatenantoralandlord,itcanbediflculttoknowwhattheotherside’sthinking–sowhatdotenantsreallythinkaboutrenting? Oursurveydelvesrightin!

  3. 1 CommonRentalProperties: Over ofpeoplesurveyedrent 20% aterracedhouse Asurprising 8.2% rentaroominasharedhouse. Bungalows,cottages&studioapartmentsweretheleastcommon

  4. 2 RentalAgreements: ofpeopleeitherdidn’tunderstandordidn’treadtheirtenancyagreementbeforetheysignedit.Takethetimetoexplainit! Morethan 32%

  5. 3 HowLandlordsAreContacted: Almost 2/3rds ofpeoplerarelyornevercontact theirlandlordformajorissues MoreThan 1/4 ofpeoplecontactformajor issuesevery6months–ormorefrequently.

  6. 4 RentPayments 16% oftenantssaythey’vehadissuespayingrentontimeorhavemisseditaltogether.

  7. 5 Break-ins&Crime Almost7% oftenantshavebeenbrokenintointhelastfiveyears Althoughover 93%havestayedsafe!

  8. LegalAction Almost 6 ofallthetenantswesurveyedhavehadtotakelegalactionagainsttheirlandlord. Let’sgetitto0%! 3%

  9. 7 HowApproachableIsYourLandlord? 1/3 Almost1/3rdofpeoplefeeltheirlandlordisextremelyapproachable 35% Another35%saytheirlandlordisapproachableforthebigissues 10% Although10%saythey’re eithernotapproachableforbigissuesornotapproachableatall!

  10. 8 HowEasyAreTheyToGetHoldOf? butalmost oftenantssaytheyfindtheirlandlordeasytogetholdof–whichisgreat! 83% 1/5th saythatthey'rehardto getholdof.

  11. 9 LandlordQualities Beingupfrontandhonestisthemost importantfor 48%oftenants 1/4 Reliabilityisthemostimportant forof1/4alltenantssurveyed

  12. 9 LandlordQualities Thetopthreeare: Upfront&honest Reliable&easytogetholdof Quicktoorganiserepairs sayit’svitaltheirlandlordispoliteandunderstanding–they’dratherthembehonestandreliable! 4% Just

  13. 10 MostImportantRentalFactors Themostimportantrentalfactorsfortenantsare: Theleastimportantfactorsfortenantsare: HighEPCRating(EnergyPerformanceCertificate) LowRentalPrices Discountsfor longertenancies BasicPropertyMaintenance Whitegoods&appliancesincluded Quickresponsestocomplaints

  14. 11 AndFinally… Butawhopping 16% oftenantssaythey’renothappywiththeirlandlord–halfofthesedon’tliketheirproperty,either. 76% saythey’rehappywithboththeirpropertyANDtheirlandlord. Soit’snotallbadnews!

  15. www.cia-landlords.co.uk CALLTODAY www.facebook.com/CIA.Insurance.Services 01788818670 www.twitter.com/CIAInsurance CustomerServices Mon-Fri9.00amto5.30pmSat9.00amto2.00pmSales & Renewals Mon-Fri9.00amto7.00pmSat9.00amto4.00pm “Thisdataisbasedon200respondentstoasurveycarriedoutonbehalfofCIAInsurance”

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