Valentine’s Day spells problems for single tenants

Singletons could be looking not only for love but also a place to live this Valentine’s Day, with a new survey suggesting that landlords prefer couples.

The figures, compiled by online letting agent Upad, suggest that two thirds of landlords would choose to let to couples rather than single tenants if given the choice.

Why landlords prefer couples

The survey cites reasons from landlords including a sense that couples are likely to take a longer lease, will treat the property better, and, crucially, are more likely to be able to keep up with the rent.

Of one and two bed properties let through Upad, more than half are rented to couples, the platform said.

But they also suggested that the increasing costs of renting are making it more likely for couples to live in a one bedroom property in order to keep outgoings down.

The case for single renters

James Davis, founder of Upad, said: “In defence of single renters, we must point out that there is always a chance that couples may split up and this may result in complications for a landlord, including the early termination of a lease.

“Over the next three years we could expect to see rents increasing by up to 10 per cent. This, combined with Council Tax, utility bills, and general household bills will literally mean double the costs for anyone renting on their own.

“On the whole, given the costs associated with renting, single renters today are more likely to rent in a house share of some description, where they can split some of these costs with housemates.”

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