It’s no secret that private landlords have faced increasing pressure in recent years. Additional costs and regulation and less favourable tax treatment have prompted many to consider selling up, and this has contributed to a growing shortfall in the availability of private rented property. A study commissioned by the NRLA earlier this year showed that the UK needs almost 230,000 new private rental properties a year to meet demand.
Of course, any landlord wants to get the best price for their property, and if they approach a typical estate agent they will often be advised that the way to get the best price is to offer the property with vacant possession, which means serving notice on the tenants. Estate agents will tell you that this makes the property more attractive to a wider pool of buyers: not just investors but also potential owner-occupiers.
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