Tenants generally prefer to pay slightly more rent and extend their lease rather than move home.
Two thirds of renters are prepared to pay up to 5 per cent more rent in order to stay put according to a recent survey of over 600 tenants.
Important considerations included:
- Length of lease
- Housing type
- Repairs and Maintenance being up kept
The majority of tenants realise the importance of having secure long-term tenancy arrangements. Everyone wins. Landlord knows that they have a quality tenant and the tenant appreciates the security of their tenure.