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Landlords Can Do More To Retain Tenants

Landlords Can Do More To Retain Tenants

Helping Tenants Move Rental Property

There are occasions when landlords need to rise above expectations in order to retain good tenants, even if it means the landlord has to make some arrangements or do extra work.

When tenants request to end a tenancy so that they can move property, there are times when portfolio landlords are in a position to offer them a choice of alternative rental properties to choose from, rather than lose good tenants.

Tenants may want to move for a variety of reasons, including moving to a smaller property that costs less to rent and live in and run due to a change in their circumstances. Downsizing can be a daunting process for anyone because many decisions need to be made about what to take and how much furniture is needed.

In such circumstances it makes sense for the landlord to go above and beyond normal expectations and help the tenants as much as possible, after all if the tenants pay the rent every month without fail and have looked after and even improved the property they currently live in, they are very likely to repeat their actions, benefitting the landlord, so going the extra mile for them is good business.

One way for landlords to help tenants decide what furniture of their own they will be able to take to the new smaller rental property is for the landlord to provide them with an accurate plan of the property including measurements of the size of the rooms and they can then map out each room so that they can work out what will fit.

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Mortgage repayments have fallen by more than two-fifths in Scotland when taken as a proportion of income

 

Scotland is best place to get a mortgage

Scotland is best place to get a mortgage

Mortgage payments have fallen from a peak of 38% in last quarter of 2007 to just 22% in the final quarter of 2012, according to research conducted by Bank of Scotland.

Lower residential property prices and reduced mortgage rates have been the main driving force behind the significant improvement in affordability.

The average monthly take-home wage in Scotland is £1,954 (GBP) while the average monthly mortgage payment is just £424 (GBP).

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The UK residential property market currently puts house buyers firmly in the driving seat, according to almost 60% of those moving home.

Figures from property website Rightmove, show that 6 in 10 of those planning to move home feel that property buyers are in a far more commanding position over property vendors.

Rightmove’s survey suggests that 30% of the country feels that UK property prices will decline in the coming 12 months and just 25% believe property prices will be higher by February 2013.

With the Olympic Games set to be hosted in London this summer, UK capital residents appear to be less negative about the housing market’s future prospects, with 1 in 3 London residents predicting that property prices in the nation’s capital will be higher than they currently are this time next year.

Director of Rightmove Miles Shipside, said: “Our survey shows that sellers in the South should have more reason to be confident than those in the North, though even within regions there is evidence of variations in confidence in local micro-markets.”

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