Almost half of UK landlords believe the government isn’t doing enough to protect them, a study found.
The research, conducted by Endsleigh among 500 landlords and over 1,000 tenants, showed 47 percent of landlords surveyed thought the authorities do not adequately safeguard them, favouring tenants instead.
But the vast majority of tenants (78 percent) thought they were not protected either when it came to difficult landlords.
The poll however showed positive attitudes in both groups with half of UK landlords saying they felt “very happy” with their tenants and 83 percent of tenants feeling likewise towards their landlords.
David Hadden, Head of Property, Endsleigh Insurance said:
“Despite their ongoing differences about who is treated more fairly, it’s clear that Generation Rent has made a big impact on landlord decisions.
“Tenants are showing more authority than they previously did and expecting more too. It’s obvious that Landlords are doing what they can to create the best accommodation possible.
“What’s most important is open communication, a clear understanding of who holds which responsibilities and a level of appreciation between each party so everyone can get along.”
Almost all landlords surveyed (90 percent) indicated that they had gone the extra mile to please their tenants and another two fifths (41 percent) would “unreservedly” try to do the same.
Nearly a third (28 percent) of landlords would cover increased rental costs to keep reliable tenants and two in five (40 percent) landlords would redecorate at their tenants’ request.
The survey also found realistic rental price was top priority for tenants while a professional clean prior to moving, at 37 percent, came second, and the availability of Internet connection installed on the property was the third most important factor.
The biggest concern to landlords were ‘poor tenants and damages’ (20 percent) coming just before having their property vacant for too long (19 percent) and the rising cost of maintenance (15 percent).
Despite all this, over two thirds (67 percent) of landlords surveyed agree that the benefits of being a landlord outweighed the disadvantages. And more than one in ten (12 percent) of landlords surveyed using rent as a main source of income with over a third (36 percent) using this as a way of planning for their future after retirement.