There are numerous reasons why tenants choose to give notice, many of which have nothing to do with the property or their landlord. However, there are some things that cause tenants to leave that are entirely avoidable.
The rent is too high
Annual rent increases may raise the rent over the amount which the tenant is able or willing to pay for your property. Make certain that any rent increases are in line with local rents for similar properties. If you have a good tenant, avoiding a rental void while you look for a new tenant may be more financially beneficial than an increase in rent.
Upsizing
Your tenant may require a larger property due to a growing family or having relatives move in with them for health or financial reasons. While you cannot magically increase the size of your property, if you have a larger rental property available and they are good tenants, it is always worth letting them know that you have a larger property available, especially if you have the feeling that they are outgrowing their current home.
Neighbours
If your tenant does not get along with their neighbours, you may believe there is nothing you can do. This is not the case. Sometimes just acting as a go-between for your tenants and their neighbours is enough to settle any disputes. Pay attention to both sides. The neighbours may not even realise they have upset your tenants. If that doesn’t work and they are renting, consider raising the situation with their landlord, who is likely to be just as eager for peace to return as you are. If this does not produce any results, the next step is to involve the local council. Unsightly piles of rubbish, noise disturbances, and anti-social behaviour are all things that the local council can help with.
Maintenance Problems
This is entirely within your ability to resolve. Not addressing things you promised to solve or failing to reply when a tenant contacts you about a maintenance issue could result in a rift between you and your tenant. Avoid losing good tenants due to maintenance issues by resolving them as soon as they are brought to your attention. Regular inspections allow you to identify problems before they become serious. If you live too far away or are too busy to respond to problems quickly, consider hiring a letting agent to handle your property for you. It is less expensive than having rental voids due to the loss of good tenants.
Purchasing a Home
Unless they want to buy your property and you are willing to sell it to them, this is a problem you will never be able to fix. Wish them well and ask if they have any friends looking for a place to live that they would recommend as tenants.
By keeping on top of issues that may cause your tenants to leave, you can reduce tenant turnover and rental voids, leading to a better rental experience for both you and your tenants. If you would like to discuss how we can help you manage your property, please give us a call on 020 7759 2199 or send an email to enquiries@vitaproperties.uk.
