Marc von Grundherr

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    The Periodic Tenancy

    Landlords beware, says Marc von Grundherr, Lettings Director at Benham & Reeves Residential Lettings, when a student tenancy goes ‘periodic’ the students don’t have to pay Council Tax – but the landlord will have to.

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  • Latest property news
    Latest property news

    Over half of tenants CHOOSE to rent, says survey

    If you are annoyed by the constant government narrative that all those who rent are unhappy, failed home owners denied the delights of bricks and mortar by high house prices and unhelpful lenders, then research by London agent Benham & Reeves Residential Lettings should cheer you up. It interviewed 1,400 of its tenants in the capital, where it has four branches in North London, to ask them about why they rented – part of the largest survey of its customer base that the company has ever completed. Diverse mix London’s very diverse mix of tenant nationalities was revealed. Some 18% of the respondents were non-British residents working for a relatively short period in the capital – and therefore less likely to buy in London. Only 3.66% of those in the survey were renting because they had been turned down for a mortgage because they did not earn enough, while 5.76% had been turned down because their deposit was not large enough. Some 17.8% of those in the survey said they were saving up a deposit to buy a property. But over half of tenants in the survey classed themselves as ‘lifestyle’ renters with 24% saying they chose to rent because it…

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