Simply Business homepage
  • Business insurance

    • Business Insurance FAQs

    Business insurance covers

  • Support
  • Claims
  • Sign In
Call Us0333 0146 683
Chat With UsChat support 24/7

Average tenancy lengths across the UK revealed (plus, how long tenants really want to rent for)

1-minute read

header.jpg
Mollie Millman

Mollie Millman

23 August 2017

Share on FacebookShare on TwitterShare on LinkedIn

The average length of a tenancy has increased to almost two years - but there are large regional differences, it has been revealed.

  • Assured shorthold tenancy agreement form template: free pdf download

Research by letting agents Your Move found that the average time a tenant spends at a property is 20 months, up from 18 months in 2014.

Where are the longest - and shortest - tenancies across the UK?

London is on par with the national average, with the typical rent in the capital also being 20 months.

Tenancies tend to be longer outside of London, across the South East and commuter belt, with the Kent town of Sevenoaks boasting the longest tenancy in the country with the average property being let for 44 months.

The shortest tenancies are found in the South West at just 15 months on average.

In Wales, the typical renter stays in the same property for two years - although tenants in the small market town of Abergele buck the trend staying for 30 months on average.

In Northern Ireland, average tenancies are 17 months, according to the Your Move research.

Housing White Paper highlights tenancy lengths

It follows the publication earlier this year of the government’s Housing White Paper, which highlighted the issue of longer-term tenancies.

Existing legislation already enables three year - or longer - assured shorthold tenancies to be granted by landlords - and the government has said it would like to promote this longer tenure.

Get landlord news, guides, and resources straight to your inbox

Your email address will be used by Simply Business so that we can send you the latest guides, offers and tips. You can unsubscribe from these emails at any time. For more information, check out the Simply Business privacy policy.

Tenants in favour of longer-term tenancies?

The Your Move research shows that tenants are becoming more interested in longer-term tenancies.

Richard Waind, director at Your Move, said: “Our research has shown that tenants want to feel settled and if landlords can provide a suitable living space and service, tenancy lengths may increase across the UK.

“Through this type of extended agreement, we hope to see more cooperation between landlords and renters who both benefit from the affordability and stability long-term renting can provide.”

Regional differences

The research found that the regions with an average tenancy of 20 months included the East of Scotland, the East of England, the East Midlands and the North West.

And those with an average of 18 months included the South of Scotland, Edinburgh & Lothians, Glasgow & Clyde and the North East of England.

The West Midlands has an average tenancy of 22 months, the South East of England at 21 months, and Yorkshire and The Humber at 19 months.

How long do you let your properties for? Let us know in the comments section below.

Get set with tailored landlord cover

Over 200,000 UK landlord policies, a 9/10 customer rating and claims handled by an award-winning team. Looking to switch or start a new policy? Run a quick landlord insurance quote today.

Start your quote
Mollie Millman

Written by

Mollie Millman

We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer

Find this article useful? Spread the word.

Share on Facebook
Share on Twitter
Share on LinkedIn

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter

Categories

HomePopular articlesGeneral businessGuestInsuranceLandlordLandlord resourcesLegal and financeMarketingNewsOpinionProperty maintenanceTradesmanCovid-19 business support hub

Insurance

Public liability insuranceBusiness insuranceProfessional indemnity insuranceEmployers’ liability insuranceLandlord insuranceTradesman insuranceSelf-employed insuranceRestaurant insuranceVan insuranceInsurers

About

About usOur teamAwardsPress releasesPartners & affiliatesOur charitable workModern Slavery ActSection 172 statementSocial mediaSite map

Customer support

Contact & supportPolicy renewalMake a claimProof of policyComplaintsAccessibility

Address

6th Floor99 Gresham StreetLondonEC2V 7NG

Northampton 900900 Pavilion DriveNorthamptonNN4 7RG

Careers

Careers at Simply BusinessTech careersCurrent opportunities

Benefits

BenefitsRefer a friendFinance

Legal

Terms & conditionsPrivacy policyCookie policyVuln Disclosure policy

Knowledge

Knowledge centreOpinionsMicrosites

© Copyright 2024 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.