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Survey highlights tenant sustainability expectations for UK rental sector
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Environmental issues have become increasingly important to UK tenants, according to the results of a survey from rental platform LettingaProperty.com.
When asked if they prefer a property that is optimised to increase energy efficiency, reduce energy costs and minimise environmental impact, 98% responded yes.
The results also imply that many tenants are prepared to pay more to rent in line with their principles. 53% said they would pay more for a greener property.
Jonathan Daines, Founder and CEO, LettingaProperty.com, comments: “We’ve heard a lot recently about the cost to landlords of making their properties greener, from replacing gas boilers with heat pumps to installing insulation. This survey has revealed that tenants are prepared to play their part too, with over half of renters happy to pay more for greener homes. It is overwhelmingly clear that tenants are demanding greener choices than the rental sector currently offers.”
85% of renters said they were happy to consider a ‘green lease’ to help improve sustainability in the rental sector. Green leases include clauses designed to ensure the tenant and landlord work together to improve the home’s energy efficiency, while reducing costs and environmental impact.
The survey also looked into tenant’s current sustainability expectations for rental properties. 95% expect their property to have double glazing and 92% expect it to have loft or wall insulation. 92% expect recycling bins as standard, while 73% expect LED lightbulbs. In terms of technology, 56% of renters expect smart meters and 38% expect smart thermostats. 50% of renters, meanwhile, expect dual flush toilets, while 26% expect solar panels and ground source heating.
Daines comments: “Clearly, renters know what they want when it comes to green credentials. And while many landlords can’t afford solar panels or heat pumps, smaller eco improvements can help properties stand out and increase renter appeal. Landlords should be mindful of this sentiment and take any steps they can to make their properties ‘greener’.”
