“Never work with children or animals” has been a showbiz saying since the 1930s, but many landlords also live by the same advice.
Landlords are three times more likely than agents to refuse tenants with children or pets, but they’re less likely than agents to deduct the cost of repairs from the security deposit. Do they want to dodge conflict, or could their tenancy agreements be insufficient to claim?
Interestingly, multiple surveys of landlords have revealed how properly vetted families and pet owners are equally as good as - if not better than - any other tenants, and they come with the added incentive to stay longer to avoid disrupting their children or furry friends.
With that in mind, and in light of the Government’s proposals to remove blanket bans on families and pets, this week’s blog has all you need to minimise the risk and maximise the benefits of this growing and stable market.
Various studies contain valuable facts and figures about family tenants and pet owners. We’ve pulled together some of the most useful points here:
As well as busting a few myths around tenants with children or pets, it’s crystal clear that this part of the rental market is here to stay and only getting bigger.
While the makeup of every household is different, modern family life has some fairly universal requirements. By meeting them, your buy-to-let will take them all in its stride:
As a final point, allowing families to decorate their children’s rooms gives them a real sense of having a long-term home. So it’s worth being open to suggestion, and to include any permissions and terms in the tenancy agreement.
If your buy-to-let is designed for families, check that stair banisters are no more than 10cm apart, and that upstairs windows have restrictors to prevent young children from falling out.
Your tenants may also wish to install additional child safety measures of their own, so arm yourself with a few options that combine peace of mind for parents with a reduced risk of damage to your property.
By offering some simple and clever tips, you’ll show your tenants that you not only care about their safety but also want to safeguard their security deposit - a great start to the relationship!
Many landlords are pet owners, so why would they refuse tenants with pets?
It’s a classic case of a few rotten apples spoiling the whole barrel, either through extreme scare stories in the press or a landlord’s unfortunate personal experience. While the security deposit will usually cover the cost of repairs, it doesn’t remove the work and disruption involved, which is the real concern for landlords (particularly self-managing ones).
So, what’s the answer?
For greater peace of mind, and before accepting a tenant, try this checklist to see whether a pet is a good fit for your buy-to-let:
Remember that most pets are not wild animals. They go a long way to making homes happy and are treasured family members for many people - sometimes more so than their relatives!
Regardless of whether tenants are all adults or include children and pets, end-of-tenancy disputes usually arise from a lack of clarity at the beginning. By taking the time to get all the paperwork right from the start, you’ll save yourself hassle later on.
In the future, depending on whether the Government’s existing proposals around tenants with pets become law, you could also be able to require your tenants to take out a pet insurance policy.
What’s your next step?
If you’re unsure whether your buy-to-let in the Wilton & Salisbury area is suitable for tenants with children or pets, or you’d like to talk about any aspect of being a landlord, why not get in touch?
Call us on 01722 580059 or email us at email@example.com for a friendly chat and expert advice.
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