Rental income for landlords on the increase

by Sarah Ashcroft

Rental income is increasing for many of the country's landlords, figures show, as more people enter into tenancy agreements rather than buying property.

Paragon found that during the first quarter of the year, 32 per cent of landlords made rent increases, with one in ten raising rents by up to two per cent.

Almost five per cent of those polled said their rental income had risen by in excess of eight per cent.

Nigel Terrington, Paragon group chief executive, commented: "Supply and demand dictates rental pricing and landlords are experiencing significant tenant demand for their properties at present."

He added that landlords are not attempting to make their properties unaffordable, but nevertheless a number have imposed slight rent rises.

Chief executive officer of Upad James Davis recently explained that demand from potential tenants is increasing as people are still not confident enough to purchase real estate in the current climate.

  • Landlord and Tenancy News from Lawpack: Solicitor-approved Rent Increase Notice (Section 13) with expert guidance on how to complete the legal form

Published on: March 22, 2011

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Rent Increase Notice - Section 13 Notice

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Solicitor-approved rent increase notice for landlords to raise rent. Also known as a Section 13 Notice.

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