Finding a suitable property for rent can be a challenge in the current competitive market. There are a lot of people seeking quality rental accommodation, often landlords are receiving 2 or 3 applicants for their rental property. In your tenancy application it is wise to provide the following – your previous rental history, referral letters from your previous landlord, employment history.
Tenants are willing to pay more to stay in existing homes
Tenants will generally prefer to pay slightly more rent and extend their lease rather than move. 67% of tenants are prepared to pay up to 5% more in rent in order to stay put, according to a recent survey of over 600 tenants. Important considerations include – length of lease, location, repairs and maintenance upkeep and affordability.