The UK rental market has been building to a crisis for some time. Renting in London is very competitive but so are many other UK cities, such as Edinburgh, Bristol, Brighton and Manchester. It is not all about the Capital.
The rental system is to blame which has been affected by ill thought through letting legislation by the Government. The topic is highly emotive with both tenants and landlords.
Jasmine’s Law: Andrew Rosindell MP seeks to limit ‘no pets’ policies for renters It is brilliant news that Andrew Rosindell MP has taken the time to push a bill through to end pet discrimination with rental properties. In London we need more dog friendly accommodation, particularly landlords who will consider more than 1 dog. Some landlords will only accept cats. Only 15% of London landlords offer pet friendly housing.
Only 10% of London Landlords allow pets. Nearly 50% of the UK Population have pets. Tenants with pets stay longer, are responsible, which means less void periods for Landlords. By opening your doors to pets, you are attracting a huge 'pool of tenants' which is only growing.
- Before you allow pets into your property, unless you own a freehold property, please make sure that pets are allowed.
- If you own a leasehold property it is important to check the terms of your lease do not have any ‘no-pet’ clauses and that as a private Landlord, you are allowed to let to tenants with pets at your own discretion.
- The UK has now more cats & dogs than children!
- The UK has a dog population alone of 9m! 45% of the population has a pet. Forecast to be 50% within 5 years
- In the next 10 years approximately 25% of people aged between 20-40 years old will buy a house, which means more pet owners will need a London pet-friendly rental
- If you don’t consider pets, you will lose out to local competition