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The Benefits of Private Landlord Lettings

admin    Tenants     private landlord, property rental, tenancy agreements

There are many advantages from renting from a private landlord. The most important advantage is that you will likely be paying less rent. And who doesn’t want to have less of an expense for their rent each month? But the advantages are not limited to the rent you’ll pay.

Communicating directly with the private landlord gives you a better chance of showing your most redeeming qualities and establishing a more personal relationship right up front. This will give you a better opportunity to show what a good tenant you would be, or to introduce a pet that you are trying to have included in your tenancy. The more a landlord likes you and gets to know you the more likely he might be to decreasing the rent. A private landlord is looking to rent to a responsible person that they can trust with their property and who will pay their rent in a timely fashion.

Since you won’t need to go through a letting agent, a private landlord does not pay an additional fee which means he can pass this saving along to the tenant by charging less rent. As a private landlord it is unlikely that he will have the means in which to perform a credit check which also cuts down on the amount of money a landlord pays out of pocket, not to mention the advantage this presents if you have bad credit, ccj’s or bankruptcy in your history.

Also because most private landlords do not perform credit checks and other administrative functions, the move in date is generally much quicker. Private landlords are looking to get their properties rented as quickly as possible so that the amount of lost revenue is kept at a minimum.

You will also find the term of tenancy to be more flexible than if you were to go through a letting agent. With a more personal relationship, you are more likely to negotiate a rental agreement that is suitable for both yourself and the landlord. The entire experience with a private landlord is more personable and can lead to a long and enjoyable relationship that benefits all those involved.

A letting agent generally charges additional fees for credit checks and references sometimes check in and check out fees, which are fees that you would not expect to pay when dealing with a private landlord. The savings can leave you with more money in your pocket for other expenses that are associated with moving.

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3 Comments to “The Benefits of Private Landlord Lettings”

• Renting to Young People and Teenage Mothers | Landlord Portfolio October 8, 2011 at 8:45 am

  […] local authority and ask them to have the rent paid directly to them rather than the tenant.   Latest landlord News by: Madalena Penny Unemployment figures released yesterday reveal that there a… released yesterday reveal that there are now 2.48 million people unemployed.  One in five young […]

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  Georgina March 11, 2012 at 10:51 am

  I’m a landlord by dfuealt as I couldn’t sell, three sets of tenants on the trot have dfuealted. Latest set have changed locks. I agree the tenants have all the rights and are freely able to abuse their tenancy with little recourse, (unless we want to spend thousands pursuing them for years on end.I’ve used two different letting agents and always do full credit checks. How do these people get through the checks?!We’ve had threats of violence, illegally withheld housing benefit, damaged property, you name it we’ve been through it. In my opinion it’s not worth the grief, particularly as the law favours tenants, and give no regard to the poor landlords having to clear up after them.I can’t wait to sell up and wave goodbye to being a landlord. People assume we’re rich and have a stack of houses.

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  Vikas June 14, 2012 at 1:03 pm

  This is an interesting issue. There are some very rlabtpuee agents such as Northwood Uk who guarantee rents by renting the property directly and then renting to tenants. The landlord wins by negating void periods and arrears. This is a service which offers peace of mind.However, their scheme is completely transparent. Renting a property to someone who then sublets rooms is very risky and should be avoided as usually these tenants will not be one household and HMO regs may come into play. Remember its the landlords responsibility to be licensed. It also impacts on wear and tear and its hard to keep track of who is actually living their as such tenants are usually transient. This may prove an issue if the agent ceases trading and you require possession. Further, it may impact on your insurance and any lease. The key issue is the relationship with the agent. They have a duty of care to seek the best possible price for their client and provide best advice. The terms of their contract with you is important. In this case, the agent should have offered the client best advice on how to generate the best rent. It would be interesting to see what the average market rent was for the property so as gauge whether the agent has undervalued or simply exploited an opportunity. Whichever proves to be the case 40% seems unbelievable. Usually the sum of the rooms rented separately rarely exceeds the total rent as one property by more than 10-15%. If the property was indeed undervalued then I suspect its a matter for trading standards however in my experience landlords usually have a pretty good idea of values and I suspect this agent is profiteering from an angle’ or has found a very gullible tenant! Nevertheless, the client should benefit not the agent.

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