The percentage of people moving into rental properties has been on the rise, especially since the recession. These include people making a choice for flexibility, those pushed into it for not being able to get a mortgage and those selling their homes through economic hurdles.
It is a fact, however, that there are two sides to the coin. In case of moving into another house too, while one side belongs to the abode, the other side is that of still being insecure.
The private rental sector is structurally a temporary system. Most tenancies are scheduled for a period of 12 months at most, so while the tenant retains the choice to move out if they wish, the Landlord has exactly the same powers.
For young singles, this still does not create so much of a problem than it does families with schooling kids. Of late, there has been a rising need for properties in London.UK properties for sale do not need to follow up much as landlords don’t need to rent their properties cheaply.
In fact, they often even skip fixing the damp and maintaining their properties. Most do not give a damn about their tenants’ well being.
The renting system is not working as it ideally should. As a tenant, you are technically purchasing a rental property under a lease and deserve to enjoy the same level of comfort and security to raise your family.
But no matter how much you want the case to be in your favor, it ultimately switches places. What you get is periodic inspections where people from the agency poke their nose around your house, reminding you that it is not your own house.
With so much of harassment meted out to people who want to rent, is it any wonder the British are people desperate to build their own homes?
It’s time we need to stop treating renting as a stop gap accommodation for people running out of options. We can no longer exploit the needs of those who pay us for our services.
Rather, we should think of making our own services better for them. If not, then homeownership as a concept might go for a toss one day.
With so many low income families looking to rent new apartments for sale in London for the long term, it is time homeowners must consider their plight.
The first thought here that should be started off with is that renting is not a business alone. It is not just a money making lottery but a rather serious agreement wherein a landlord forges relations with the tenant.
And that said, the promises made by the landlords while renting the accommodation must be honored. Renting must be considered a decent long term option by encouraging long term investors, and not amateurs at the mercy of interest rates.
A lot of boost will flow in if the government becomes a part of this thought process. It should introduce ways of encouraging institutional investors to provide long term rentals, in order to help people build lives and give the investors a secure long term return. Tenants must be respected and given their due.
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