Costs being passed onto tenants
Landlords are passing costs on to tenants, according to the
Association of Residential Letting Agents (ARLA).
With supply falling and demand rising, it seems landlords are
increasing rental prices for tenants. During August, the number of
letting agents reporting landlords increasing rents rose to 35 per
cent - the highest level since July 2015.
The ARLA figures also show the number of properties managed per
member branch fell in August to 189 from 192 in the previous
However, demand from potential tenants increased from 70 in August
to 72 in July.
“This month’s findings paint another bleak picture for
tenants. In November last year, only 16 per cent of agents saw
landlords increasing rent costs, but that figure now stands at 35
per cent which is likely to continue rising,’ said David Cox,
ARLA chief executive.
“Landlords have had a rough ride at the hands of policy
changes at government level, and it’s becoming clear that
these additional costs are now being passed onto tenants,” he