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Students make the most reliable tenants say insurance figures

Students are the most reliable tenants for landlords.

Student Accommodation Hits New Peak

Students are the most reliable tenants for landlords.

In spite of the traditional view of students as troublesome tenants, new research has suggested that students are the best tenants for landlords, accounting for less than 10% of insurance claims in the private rented sector.

Only 9.6% of insurance claims made to the company were made from student-rented properties – the lowest share of any of the properties assessed in the survey.

The figures, published by Total Landlord Insurance, demonstrate that the value of claims made by students were approximately a third of the value of claims made by other demographics. Additionally, students made the second fewest number of claims to insurers of any tenants within the private rental sector.

With the average tenancy for student properties standing at 9 months of the year, landlords can use the summer months, outside of the university terms, as an opportunity to maintain the condition of the property prior to new tenants moving in.

Specialist, fully managed purpose built student accommodation investments could be an option for purchasers considering such an investment, which enjoys longer periods of tenancy.

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