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Landlords find Tenancy Deposit Rules a Hindrance
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
A recent study by the Tenancy Deposit Scheme (TDS) has revealed that nine out of ten landlords are either satisfied or very satisfied with the quality of their tenants.1
Over half of respondents (53%) said that they are satisfied with the quality of their tenants, and more than one third (34.7%) stated that they are very satisfied.1
In determining the quality of tenants, landlords were asked about how well tenants pay the rent on time, look after the property, and their general cooperation on other issues.
Landlords find tenancy deposit rules a hindrance
The majority of landlords said that the satisfactory quality of their tenants’ manner was consistent, and an additional 20% said that they think it is increasing. Just 14% thought that the quality is declining.1
Surveyed about their worries, 71% of landlords said that they are equally concerned about obeying regulations, and the possibility of rent arrears.1
Landlords did not seem fully supportive of tenancy deposit protection.
Just half of respondents think that it is beneficial to the private rental sector, 20% did not have an opinion, and almost a third found it a hindrance. Only 41% believe that Alternative Dispute Resolution, which settles tenancy deposit disputes, could be useful for other housing problems.1
Of the respondents, 40% have been landlords for over ten years, and another 40% had been between two and ten years. More than 70% are either investment landlords, or let for personal financial security.1
Just 13.6% are accidental landlords, who are renting out their property because they could not sell it, or have inherited it. 12% have made a career out of letting properties.1
Chief Executive of the TDS, Steve Harriott, says: “These findings from our first national survey of landlords show a positive picture of landlord and tenant relations that is very welcome. It augurs well for the private rented sector.”1
The TDS conducted the study of over 200 landlords who register tenancies with them.
