New Research Shows Tenants’ Bargaining Power

New figures from the National Landlords Association (NLA) show that tenants are securing a larger proportion of private rented homes in the UK at below, rather than above, advertised rents.  The data show that 16 per cent of private rented homes are let to tenants at below advertised rents, with eight per cent of homes being let to tenants at above the asking price.  Three quarters (76 per cent) of private rented homes are let to tenants at the advertised rent.  The difference means that tenants in the UK are benefitting from a net proportion of 8 per cent – or an estimated 320,000 – homes let at below advertised rents.  Read more on the NLA website.