Tenancy agreements continue to lengthen

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Tenancy agreements continue to lengthen

Although renting privately is regarded as a short-term measure in the UK, Lemontree has noticed an increase in average tenancy length since it began in 2009.

Research on Lemontree’s portfolio shows that over 60% of its tenants have rented for two years or longer, with this figure expected to rise with emergence of ‘Generation Rent’.

Unsurprisingly perhaps, the biggest group of private tenants is aged between 25 and 34. However, the fastest growing group of private tenants are aged between 35 and 44, showing greater desire for longer-term tenancies, while younger tenants prefer flexibility.