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Renting in later life increasingly popular says specialist provider

Retirement rental specialist Girlings says the phenomenon of later life renting is growing in popularity.

It says independent research from Paragon Bank has revealed that over the last decade, the number of English households in the 55 to 64-year-old age category in the private rented sector with an Assured Tenancy has risen by 118 per cent. 

The reasons were that 68 per cent of over 55s said renting suited their needs or they enjoyed renting, and 63 per cent said they were pleased they don’t have to worry about repairs. 


Jamie Turnbull, Girlings’ business director, says renting in retirement offers several benefits, including no longer having to worry about ongoing property maintenance and giving people a safe and secure living environment. 

“As people age their housing needs change. Many want to live independently but also be part of a community of people so they have likeminded people to socialise with. They also want to feel safe and secure with people around them should they ever need help. 



“Renting in a retirement development can offer all these benefits. It also enables people to downsize from a larger home to somewhere smaller and more manageable, releasing capital in a home if they own it. Most of our properties come with assured tenancies too so people have the same security of tenure as home ownership. 

“Renting can also be an easier way to move to somewhere new without the commitment involved with buying a home. Many people want to retire to popular retirement hotpots such as by the sea or close to lots of amenities.”

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    I have tenants in this bracket, they're great, keep the property and gardens nice, long term and no bother, plus as I'm 67 myself we get on great.

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    I too have tenants of this age and they really look after the property. My only concern is how all these older renters will cope when they retire. The lack of pension provision by most people coupled with no equity in a house to fall back on sounds like a recipe for disaster.


    Some of mine are retired and they all pay in full, maybe I haven't always fully increased the rent when I could have done so, but with good long term tenants like these so what.

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    I have some great tenants as well and I haven't evicted anyone in years and do stay as long as they like. The big problem is making it compulsory and if as of right then you are powerless if unlucky enough to getting a bad one or this ruling has the potential of creating bad Tenants, it pointless legislation if it comes. The Contract should be between the Parties or 2 parties at least, not like what they are doing now making it a one Party Contract that excludes all rights of the other Party (the Landlord) is that not plain enough. The Tenant moves out at any time they want if they want and I don't have a problem with that, why would I want to have a Tenant staying against their will , disgruntled.



    The problem with no fixed lease term is for joint tenancies, there needs to be unanimous agreement to give notice and potentially one tenant can stay put with the others moving out and stopping paying.

    Currently many Scottish students are just giving 28 days notice, with little chance of the flat being relet before the next session in September.

    There will be many flats now let to professionals and a shortage of student flats come September, but many flats will be left with no tenants for the next six months.

  • George Dawes

    The older the better imo


    But what happens if they go into a home or hospital or even die - how do you end the tenancy?

    • 16 January 2021 18:31 PM

    As always, if the don't pay, the then they get evicted and have to abide by the contract........despite what any kind of other problem they have.

    Their issues do not affect the demands of the contract.

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    Robert, we have fixed short / long term leases at present with the Assured Shorthold Tenancies Agreements whether individuals or joint & several. Minimum 6 months term initially but if joint and one or more leaves on a joint tenancy those who remain are responsible for payment for the whole property. However, what usually happens if one wants to leave prematurely the tenants find a suitable replacement and take over the remaining part of the lease from the person vacating, this does not necessarily require a new Tenancy Agreement but an attachment if you like to the original Agreement agreed by the parties and Government says your permission shouldn't be unreasonably witheld. With regard to if you want a longer Tenancy the original Assured Shorthold Tenancy holds good and just rolls on to become Periodic Tenancy (2 kinds of periodic, check) with same terms and conditions as before and no action needed really but if a Deposit is involved you may need to advise them. When will it end, it will end when you or the Tenant serve the correct notice period which is ok but LL has to give more notice than the Tenant have to. Watch out when Section 21 is gone you can whistle for this and your rights.



    Scotland abandoned all of this in December 2017 and the result has been chaotic, especially with joint tenancies where some think they can leave on 28 days notice, even if their flatmates don't. There's no compulsory end date so if one flatmate is determined to stay put, the others can't get out of the lease until the first tenant agrees, with no compulsion to co-operate with landlord or flatmates in finding or agreeing to replacements.

    Another thing happening is tenants on short term assignments who used to use more expensive short term lets now take on a normal residential property and then only stay a few weeks m giving only 28 days notice.

    The justification from the SNP was to allow tenants to have long term security and avoid revenge evictions. They ignored evidence that decent tenants already did stay long term, most tenancies were ended by tenants and the security of a fixed term lease worked both ways.

    Result was market rents for the best properties went up about 30%, the worst properties have huge churn, more voids and reduced revenue available to improve them.

    Nearly everyone's a loser with the SNP, especially their supporters! Only those landlords with the best properties are winning, but I'm not complaining about an unexpected 30% windfall and steadily increasing rents ever since.

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    retirement home renting eg m and s strikes me as very one sided


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