Tenants Will Pay More to Stay in the Same Homes

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
  • Location
  • Housing type
  • Repairs and Maintenance being up kept
  • Affordability

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.

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