Surprisingly, the way a property is designed, decorated, and upgraded can cause a prospective tenant to adore it or reject it outright. So, finding the right rental property for your potential tenants requires adopting various strategies to achieve the purpose.
The preference given to any property varies according to personal choice, priority, and value system. Therefore, the reasons why a person refuses to take a particular property are similar and these reasons are enumerated below:
- If the tenancy agreement is oral based
A legal contract otherwise called a tenancy agreement exists between a tenant and the landlord, usually in the form of an AST (assured shorthold tenancy). A verbal agreement which would be based on oral communication between the landlord
and the tenant is not advisable as there is usually no way to prove there was a witness to the agreement. Some landlords try to avoid having a written agreement so they can be flexible on how they plan to operate their property. For tenants, this is usually a red flag, and will usually discourage tenants from moving into the perspective property.
- If the identity of the landlord is hidden or not known
Taking a property for rent without using an agency will usually involve meeting the landlord and discussing matters with him/her as well as asking relevant questions regarding any grey areas of the tenancy agreement. However, if a prospective tenant does not know the identity of the would-be landlord, it will be difficult to accept the property if they are unsure if the person showing them the house is the home owner or a trust worthy landlord. Although, some landlords let out their properties through letting agencies, most tenants would prefer dealing with the landlord directly. Most letting agencies manage properties on behalf of the landlord, which means that the tenant will not have direct contact with the landlord. The benefit to a tenant in this scenario is they know the agency location and can take any complaints further to regulatory bodies, if any issues should arrive. This can be much more difficult with a landlord.
- If the rental property is not in a move-in ready condition
A move-in ready property is a house that is completely ready for habitation without needing any further cleaning, painting, etc. So, moving into a property that requires further cleaning would be a difficult experience for the prospective tenant. This reason alone is enough to discourage the likely tenant from opting for such a property.
Most people prefer a move-in ready property despite the fact that they may still pay for some additional hidden costs to take care of final cleaning and painting.
- If the property is overly old and not appealing to the eyes
Well presented properties in good condition will generally let out much quicker than those which are tired and in need of repair.
Therefore, it is important that the landlord maintains his rental property to ensure their property is re-let quickly to avoid extended void periods. Such maintenance will return the property to good shape and also attract the best tenants who are most likely to pay their rent on time and also look after the property.
- If the landlord has negative history with previous tenants
It is quite common for prospective tenants to ask the existing tenants who are moving out what the landlord has been like in respect to repairs and intrusiveness. If a landlord’s relationships with former occupants of their property has been questionable, this reason alone could cause a potential would-be tenant to emphatically refuse the property, especially if the landlord is too demanding or simply too evasive.