What is most likely to damage a rental property?
Aside from expected wear and tear, there are a few main reasons why a property can become damaged and need repairing.
According to our survey, leaks are the most common cause of damage to rental properties and landlords spent an average of £535 a year fixing leak-related issues.
What is the costliest cause of damage?
Yet, despite leaks being the most common reason for repairs, we found that vandalism is the costliest cause of damage to UK rental properties, with landlords spending an average of £544.90 on related repairs each year. Landlords in Norwich, Newcastle and Sheffield are the worst affected by this issue, spending an average of £873.38 per year fixing the damage.
Vandalism is also one of the most time-consuming causes of damage, with landlords spending an average of 2.5 days a year on related repairs.
Tenant accidents were the third most expensive cause of damage, costing landlords £512.10 a year.
Aside from tenant-related damages, storms of force 6[GB1] (strong enough wind to damage chimneys and aerials) and above have cost landlords £958 on average per year. Newcastle is the city where landlords have been most affected, paying around £1480 a year to deal with storm related damage.
Average cost of damages in rental properties
With multiple cause of damage that may need repairing during a rental period, there can sometimes be ambiguity around who is responsible for fixing any property damage.
In fact, nearly half (48.5%) of UK landlords have had a dispute with a tenant over who is responsible for property repairs or replacements.
Unfortunately, while damage may be caused by a tenant, landlords are usually responsible for handling any repairs that need to happen. This means that the majority of the costs also fall on the landlord and paying for professional repairs can be a big financial blow, especially without landlord insurance.
To try and get around these costs, many UK landlords turn to DIY methods to fix property damage. However, things don’t always go to plan…