How PlanetRent supports pet-friendly rentals
Mary-Anne Bowring 11/06/2020
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Are You a Pet-Friendly Landlord?
PlanetRent can help generate the right tenancy agreement—fast. If not, maybe it’s something you should consider, as at least 44% of people own a pet. The pandemic even led to a puppy shortage as more people welcomed pets into their homes. For landlords, this presents a significant tenant pool, one that the Government is actively encouraging them to accommodate.
Government Support for Pet-Friendly Rentals
In January, Housing Secretary Robert Jenrick announced an overhaul of model tenancy contracts, removing restrictions on well-behaved pets. This initiative aims to ensure more landlords cater to pet owners, making it easier for tenants with pets to secure housing.
The Buy-to-Let Sector’s Reluctance
Despite being a nation of animal lovers, many landlords remain hesitant about allowing pets. Only an estimated 7% of buy-to-let landlords currently advertise their properties as pet-friendly, leaving many tenants struggling to find suitable homes.
Build-to-Rent: A Different Approach
Institutional landlords in the build-to-rent sector take a more positive stance on pets. Many operators Ringley works with actively encourage pet ownership, believing it fosters longer tenancies and a stronger sense of community among residents.
Creating a Pet-Friendly Tenancy Agreement
To help landlords navigate pet-friendly rentals, PlanetRent offers a streamlined solution. The platform allows landlords to generate tenancy agreements in minutes, making the process fast and hassle-free. With reference checks and built-in safeguards, landlords can confidently rent to responsible pet owners.
Why Consider a Pet-Friendly Policy?
Allowing pets can make properties easier to let and expand the potential tenant pool. While concerns about damage exist, careful vetting and clear tenancy agreements can mitigate risks. If you’re a landlord, taking a pet-friendly approach could benefit both you and your tenants. Check out www.planetrent.co.uk for more details. Also, explore our insights on Ringley Property Blog.
Planetrent Properties
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.