The RLA has hit back at these accusations, with the director of the RLA saying that these are just “politics of division.” With the amount of press that the PRS gets, the RLA feel that these accusations are only going to play on and exploit potential and current tenant’s fears of renting.
We’re constantly bombarded with messages such as “rents soaring more than ever,” and “insecure, short-term tenancies”. However, these accusations are being made without taking into account the facts published by the Office for National Statistics.
Although many assume that current rents are soaring, you will be surprised to know that this isn’t actually true. Rents are rising; however this is happening at a lower rate than inflation. Therefore, the majority of people looking to privately rent are able to afford it.
With regards to accusations that the PRS is “characterised by insecure, short term tenancies,” statistics from the English Housing Survey beg to differ. The average length of a tenancy within England is around 3.8 years. Yet again, this goes against what Generation Rent is claiming. Tenancies at College and County vary slightly. Whereas we see a constant turnaround in our student properties due to students starting and leaving university, we see a much lower turnover rent in our professional properties. Over 87% of tenants choose to renew with us each year.
Generation Rent also claim that the lettings industry is extremely unregulated. The RLA has hit back at these accusations explaining that there are over 100 Acts of Parliament asserting 400 individual requirements on landlords and agents. College and County aim to provide an ethical service to landlords and tenants alike. Therefore, we are members of ARLA, Property ombudsman and Safe Agent; going against Generation Rent’s claims of an unregulated industry.
The privately rented sector is in fact doing extremely well with the vast majority of tenancies being ended by tenants rather than the landlord. In fact, in a recent survey conducted by Property Academy, 69% of Landlords said that they would rather stick to their current tenants over & above a 20% rent increase!
The PRS is also looking great from a tenant’s point of view. After a recent survey conducted by the government, it has been found that 83% tenants living in privately rented properties are happy with the service that they are getting. This is 2% more than those living in the social sector. College and County encourage feedback from both landlords and tenants, scoring 4.5/5 for customer satisfaction on our Google reviews.
College and County’s devotion to ethical lettings means that you can rest assured that we will provide an honest, reliable, and exquisite service to you whether you are a landlord or tenant. If you would like some more information on our property management, lettings and rental service please call 01865 722722.