Joint tenancies can be a great way for friends and couples to share costs and a steady source of income for landlords – but they’re not without their challenges.
Friends can fall out, couples can split up, and rows about who used all the loo roll or spilt red wine on the carpet can escalate into toxic disputes.
Sadly, the current cost of living crisis, which is causing much anxiety among renters, may further complicate things.
According to a recent survey*, three in five people living in shared accommodation say rising energy bills are a source of tension among flatmates.
And more than half of those surveyed also expressed concern about flatmates leaving the heating on, not switching lights off and taking long baths.
So that landlords don’t find themselves caught in the middle of tenant disagreements or drawn into end-of-tenancy disputes, it’s essential to manage joint tenancies carefully. Here are some top tips.
For more advice about managing tenants or our property management services, contact us today on 2028 876 2222 .
*Comparethemarket, November 2022
Village Properties is a trading name of Village Properties (South West) Limited, Registered in England Number 6480700. Registered Office 57 Sheen Lane, London, SW14 8AB