'More new properties' likely to enter rental sector
More properties are likely to become available for private rent, while more landlords could also enter the market as the housing industry improves, one sector commentator has claimed.
Ian Potter, operations manager of the Association of Residential Letting Agents (ARLA), said as a result, it is crucial lettings agents go through a careful selection process when it comes to choosing both tenants and landlords.
"As the housing market continues to pick up and demand begins to exceed supply, there is likely to be an increase of new landlords and properties in the rental sector," he added.
Mr Potter noted it was important all the proper agreements and contracts are in place when a new tenant moves in, following a warning from the group that 55 per cent of its members have seen tenants struggling to pay their rent.
Having such agreements in place may offer peace of mind to Britons looking for flats to rent in Kensington or another part of London.
Should tenants feel they are going to struggle with their rent, they may wish to contact their landlord to talk over their options as soon as possible.
Housing minister John Healey recently announced last week a website is set to be launched where tenants will be able to leave feedback on their landlord.
Written by Martyn Glynn
Published 11th February, 2010
© 2010 Estates IT Limited
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As the housing market continues to pick up, it is likely more landlords and properties will come into the private rental sector, it has claimed - in news which may be welcomed by those looking for flats to rent in London.