Press Room
Economic Hardship Driving A Wedge Between Landlords And Tenants
The current economic environment is putting a strain on the relationship between those with property to let and their tenants, according to Knight Frank.
Buy-to-let investors have been enjoying better relations with tenants recently, with the recent Occupier Satisfaction Survey showing an improvement on last year's results.
However, Darren Yates of Knight Frank's commercial research team said financial pressures mean both landlords and tenants are communicating with one another more, but not necessarily amicably.
"Obviously both sides are trying to get the best deal they can – especially in the current environment – because everybody is under such pressure; landlords to maintain their income levels, and occupiers to keep a lid on costs," he said.
Mr Yates went on to say that property investors should try to be flexible and responsive to tenant concerns during this period.
The Occupier Satisfaction Survey also highlighted sustainability as an issue, indicating a desire among tenants to live in more eco-friendly homes.
Start searching for your new home on email4property today.
-- Ends --
Notes for Editors:
Article date: 9/22/2011 12:00:00 AM