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Tenants' Ideal Length of Lease

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Wed 11 Nov 2020

Tenants' Ideal Length of Lease

  • There is a substantial mismatch between current lease lengths and ideal lease lengths. However, there is more to it than that. Opinions on ideal lease length vary with age and household types.
  • For renters aged over 45, the ideal lease length for most is 24 months plus, actual lease length is most often 6 to 12 months (61%). 18 to 44 year olds ideal lease length is 6 to 12 months which 68% of tenants do have.
  • Families prefer more stability, perhaps reflecting commitment to local schools and community. 45% of families ideal lease length is 24 months plus, in reality only 23% of families have this.
  • Generally, all the other categories prefer a lease length of 12 months or under which most do have. However, 34% of singles and 33% of couples prefer 24 months plus. Source

If you are a Landlord looking to let your property, or a tenant looking to rent locally, please call us today on 01689 862770.  We manage a large portfolio of properties and pride ourselves on the good service we offer to both Landlords and Tenants alike.

Dataloft, Property Academy