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The first quarter of this year saw heightened demand for property to rent, a development sure to reassure many landlord users of Advanced Rent's acclaimed Tenant Referencing Services. The number of landlords reporting slight or significant increases in Tenant Referencing Services demand in the fourth quarter of 2015 was 34%. The first quarter of 2016 saw that figure rise to 39% of landlords, with another 36% claiming demand to be stable. This burgeoning popularity of rental properties only further affirms the importance of the tenant referencing services that Advanced Rent can provide, giving landlords the assurance that they are always taking on the right tenant. High levels of tenant satisfaction The figures derive from a survey conducted by BDRC Continental on behalf of Paragon Mortgages, which also found a very high level of tenant satisfaction - 79% of tenants surveyed stating that they were satisfied with their current landlord. The survey also found that 69% of the surveyed tenants believed that the amount of rent they were paying represented good or very good value for money, while 85% of the tenant respondents stated that they considered their current rented property to be their home. That may make it unsurprising, then, that the average length of time tenants are spending in their current properties is now seven years, with their average time spent in the private rented sector (PRS) in general almost 13 years. Landlords agree on importance of private rented sector 89% of landlord respondents to the survey, meanwhile, expressed a belief that the PRS had an important role to play in accommodating those priced out of homeownership, while 74% agreed that it played a role in accommodating those denied social housing due to dwindling supply. 78% of landlords agreed that the PRS compensated to some extent for the decline of the social housing sector. Since 1991, around one million homes have been lost from the social housing sector. John Heron, director of mortgages at Paragon, commented: "This survey clearly demonstrates that the PRS is increasingly providing longer term solutions in housing and that responsible and professional landlords are supporting the provision of housing to those that rely on the PRS for their home." These trends in tenant demand and tenure look poised to continue as the year progresses, and Advanced Rent will be on hand to continue helping Landlord Tenant Referencing to make the most of their properties.
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