{"id":645,"date":"2011-03-18T09:18:57","date_gmt":"2011-03-18T09:18:57","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=645"},"modified":"2016-09-20T17:08:36","modified_gmt":"2016-09-20T17:08:36","slug":"who-is-the-perfect-tenant","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/who-is-the-perfect-tenant\/","title":{"rendered":"Who is the Perfect Tenant?"},"content":{"rendered":"

\"\"<\/a>Latest Landlord News by: Madalena Penny.<\/p>\n

Landlords may well ask themselves where they can find the perfect tenant.\u00a0 If there is a factory creating clones of\u00a0the perfect\u00a0tenant \u2013 tenants who always pay the rent, sort out building, electrical and plumbing problems themselves, never ask for anything, are respectful, in gainful employment and treat their homes with nothing short of love and care.<\/p>\n

Once landlords may well have had more chance of discovering Shergar or Lord Lucan than this mythical, philosopher\u2019s stone of tenants, but through the winds of fortune, the times they are a changing.<\/p>\n

The economic factors leading to tenant-demand and the rise of the new private rented sector has raised the profile of residential renting and has put it on a parallel path with our European cousins.\u00a0 According to research conducted by Spareroom.co.uk, the numbers of people turning to private landlords has rocketed by a staggering 61% compared to the same quarter in 2009.\u00a0 Many of these new tenants entering the market are potential first time buyers deprived of mortgages, a generation left abandoned at the wayside on route to home-ownership.<\/p>\n

While Spareroom.co.uk reveal a 15% decline in available housing stock on the market, statistics from Rightmove indicate an 18% decline, but both conclude that tenant-demand is indeed outstripping supply, leaving homes in the private sector, hot property.\u00a0 Unfortunately for tenants in search of such residences, they face competition from many other applicants vying for the same property.<\/p>\n

With such few properties entering the market, applicants\u2019 face getting gazumped if they are not rental-savvy enough.\u00a0 According to Findaproperty.com, one in eight applicants have been gazumped in the past 12 months.\u00a0 Even submitting a deposit to the landlord or agent is not confirmation enough if another applicant offers a higher bid for the property.<\/p>\n

Advice from Legal 4 Landlords<\/a> warns tenants to act quickly. Lettings affiliates<\/a> for the legal eagles have revealed that some properties are taken within hours of entering the market.<\/p>\n