The majority of tenants are not keen on the idea of three-year tenancy agreements, new research has revealed.
The findings have been announced in the wake of a government consultation, which has examined the merits of introducing three-year minimum tenancies with a six-month break clause option.
The consultation ended on 26 August 2018. Although results have not been officially announced, The Sun reports that the plan to guarantee three-year tenancies is being "killed off" by nervous government ministers.
A poll of 2,000 tenants by online letting agent MakeUrMove found that only 7.2% of tenants would prefer a tenancy lasting three years, while some 30% of tenants would like tenancies to remain at 12 months and a further 20% would like tenancies to last no longer than two years.
While three years is not a popular choice for tenancies, some 29% say they would prefer a tenancy to last significantly longer than three years. Over two in five surveyed (43%) had spent more than five years in their current rental property.
Three in 10 (31%) tenants view flexibility as the most important factor when looking at the length of their tenancy. Meanwhile, 59% of respondents gave notice on their last tenancy, with 14% being given notice by the landlord at the end of the tenancy and just 3% being evicted.
Alexandra Morris, MakeUrMove managing director, says: “Many tenancy agreements are currently set at 12 months with a six-month break clause, and we’ve found nearly a third of tenants are happy with this length. Our findings reinforce that the majority of people want either the flexibility of a shorter rental, or the security of a much, much longer term."
James Brokenshire MP, the secretary of state for housing, communities and local government, previously stated that “being able to call your rental property your home is vital to putting down roots and building stronger communities”. However, Ms Morris points out that MakeUrMove’s research shows that 87% of tenants already think of their rental property as a home under the current regulations.