ARLA: Average tenant now staying a record 20 months

Tenants are staying longer, with the average length of tenancy now standing at a record 20 months.

The Association of Residential Letting Agents says the increase is because of lack of rental properties, with 58 per cent of ARLA agents saying that there are more tenants than properties available.

Ian Potter, ARLA managing director, said: “The private rented sector is clearly picking up the slack resulting from a flat housing market and the ongoing lack of mortgage finance.

“As tenants stay in properties for longer, the importance of regulation in the sector becomes even more pressing.”

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The Residential Landlords Association (RLA) represents the interests of landlords in the private rented sector (PRS) across England and Wales. With over 23,000 subscribing members, and an additional 16,000 registered guests who engage regularly with the association, we are the leading voice of private landlords. Combined, they manage almost half a million properties.

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