For some lucky people, renting is a glorious world, a constant fountain of glee, contentment, joy and freedom, with tenants waltzing from one ideal home into another lovely residence. All interactions with owners, letting agents and well, darnit - everyone serve to reaffirm the tenant’s faith in human nature. Rented homes are grand, repairs are prompt and prices are reasonable. Happy days! But even fantasy renting is about to get a whole lot worse. It's the news of 'home-owner's soaraway house price delight.' Hooray!
I am as ever dubious that prices are rising as much as claimed (compare 'prices asked for' with 'prices achieved'). In London demand is high and supply is tight, but elsewhere - like less salubrious parts of Glasgow - the cost of a home is stagnant after a fall. Mostly, I believe that febrile, rising house prices are extremely disadvantageous to tenants, especially those saving to buy, but more especially, any tenant whose landlord is one of those so-called 'forced' rentiers, who own homes they cannot afford to sell due to negative equity. Boy can they be difficult.
Often, they do not inform the mortgage company or insurers, which leaves tenants vulnerable if they default, or if there are structural problems with the building. They are often ignorant of the law related to renting out property. They can also be very bitter, and more than other owner resent their tenants, who they view not as the nice people who are keeping them afloat, but as irritants, who whine and bleat for repairs. (Landgirl is the exception to this sad reality.)
They hope to sell up as soon as possible, a fact they often hide form tenants. In the worst examples, they inform tenants not by carefully consulting, thedn arranging for viewings when it is convenient. Nor will they jeopardise their rent by giving notice to tenants, giving them the benefit of certainty. Occupants face having strangers traipsing in and out at their capricious leisure. I've even been told of rentiers attempting to retain deposits because the home they were trying to sell was deemed not to be clean enough to pass muster for viewers, which, politely put, is cheeky.
If acting properly and respectfully, they sell with vacant possession, and so, inevitably, tenants will have to move. The bad rentiers insist on multiple intrusions - viewings at awkward, random times. They will expect the property to gleam.
They might even let themselves in unannounced with some random people to gawp, as once happened to me. An editor I work for was in bed with his girlfriend, but told 'Just hide under the covers until we're gone.' Or there’s my friend 'Dave' who was enthusiastically and athletically expressing his love for his boyfriend.
This will hit if prices rise. Landlords who do not wish to let homes for the long term, and plan to offload their property ASAP must be compelled to inform tenants, who already endure the tyranny of institutionalised insecurity, and live knowing they might have to move every six months.