More people want to live in rented homes with their pets, but, says JLL’s residential estate agency business, it will inevitably bring extra costs.
JLL has seen a 25% increase in tenants letting with pets in the last five years and, they say, these tenants are likely to see rents increase once the Tenant Fees Act comes in, due to the five-week deposit cap.
Lucy Morton, Head of Residential Agency at JLL, said, “We have seen an increase in people letting with pets for several reasons; a rise in dog and cat ownership, the UK’s relaxed quarantine laws which came into effect in 2012, and the fact that tenants are renting for longer.