Taylor Scott International News
Nearly half of tenants in the UK would be prepared to travel for between 15 and 30 minutes, or between 30 and 45 minutes door to door to reach their office or place of work each morning, according to a new survey. In Wales, some 44% of tenants would prefer to commute for less than half an hour, while in the North East, the proportion is 37%. But in London the majority of tenants, 43%, are happy to travel for between 45 minutes and an hour to the office each day. The survey by YouGov for real estate firm Knight Frank also shows that the majority of tenants outside London commute by car, while in the capital 52% use the London underground for part or all of their journey. Two fifths of respondents said that the ability to store their bike in their rental property was important to them, although this rises to 46% of those aged 35 to 44 across the country. A third of respondents said they would be willing to pay extra in rent to keep a pet in their property as sometimes landlords charge more to cover the cost of the extra refurbishment needed after a tenant who has had a cat or dog vacates the property. Indeed, 4% of those in the private rented sector already pay extra to have their pet live with them, and this rises to 7% for those aged over 55. The results of the Tenant Survey also show that, for the majority of respondents, their ideal length of tenure is up to one year, and this is particularly true of younger tenants, highlighting a preference for increased flexibility in the sector. breakdown of the figures shows that 69%) of tenants aged between 18 and 24 said they would prefer a tenancy agreement of up to a year, with 61% of 25 to 34 year olds saying the same. Respondents said that their preferred timeframe for a break clause, which would allow tenant or landlord to end the lease early, is six months. Some 38% of tenants have lived in five or more rental properties. While the majority of respondents had moved within a mile of their previous property, 19% had moved more than 60 miles, indicating a relocation for work or study, highlighting the flexibility of the private rented sector a tenure. The survey also found that 24% of Londoners are prepared to pay 50% as a maximum amount of their gross annual income on rent, up from 22% last year. A quarter of tenants do not want to, or don’t know if they want to buy a home in the future. Of those that express a desire to eventually buy a home using a mortgage, less than half are currently saving towards a deposit. The research found that a quarter of those living in the private rented sector live alone, while 34% live as a couple without children. Some 43% of 18… Taylor Scott International
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