Renewals Continue to Rise! At Martin & Co Crawley we are seeing a record number of people renewing their tenancy agreements each month.
It seems with mortgage lending still low and the requirement for larger deposits more and more people are opting for long term rentals, which is great news for landlords. Here at the Crawley office we have seen the number of people renewing increase and the average length of a tenancy is now exceeding 20 months.
Angela Tymms, Senior Negotiator, who oversees the lettings said “There was a time when we would have 12 to 15 check outs a month, we are now lucky if we have 5. Due to the current climate we are seeing more tenants requesting to sign fixed term agreements for a longer period which is fantastic news for all landlords, current and new. In the first quarter of this year we have renewed an average of 20 agreements a month and that only looks set to increase as the year goes on”.
If you are a landlord with an empty property and wish to end the void period please contact the office at email@example.com or 01293 735000.