Landlord and Tenant Flashcards
1
Q
What is the current situation?
A
- Traditionally leases have been long and landlords have had all the power within a lease.
- However, leases are getting shorter (now the average lease length is less than 7 years)
- This makes it more like a business
- Landlords need to try to retain clients
- Have to engage more
- Service Charge is becoming more like a tax
- In order to remain competitive it is good to maintain good relationships with tenants
2
Q
Financial Times (2019)
A
investment had helped to boost rents by 30 per cent. “I think you have to do it,” he said. “If landlords don’t think creatively and in a future-forward way, they won’t exist in 10 years.
