Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlords Increase Tenant Checks Amid Rising Costs
Landlords are raising rents and becoming more selective about tenants as operating and regulatory costs climb, according to new research reported by Property118. Some landlords are also delaying property improvement work, even as they prepare to purchase additional properties.
The findings are based on a survey conducted by Handelsbanken for its fifth annual Property Investor Report. The survey included 200 UK property investors, landlords, and property management professionals.
For letting agents and inventory clerks, these trends may mean increased scrutiny during tenant referencing and a potential slowdown in property improvement activities. The report highlights that landlords are responding to rising costs by tightening their tenant selection processes and adjusting their investment strategies.
Source: Property118