Rented properties ‘see longer tenancies’
UK tenants are staying put for record lengths of time, according to new research.
The study, carried out by the Association of Residential Lettings Agents (ARLA), shows that as of 2012 renters in the UK are staying in a single property for an average of 19.3 months, an increase of 17% on the equivalent figure for 2009.
The increased duration of tenancies has prompted the ARLA to advise both tenants and landlords, many of whom have the property on a buy-to-let basis, to ensure accurate inventories are taken before properties change hands.
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