In some parts of London, where finding a good rental space is already a bit of a nightmare, landlords are really ‘taking the p*ss’ and targeting renters with ‘no-sex’ clauses in their tenancy agreements.
There’s been an uptick in tenants requesting that generators or inverters be installed in rental properties, at the landlord’s cost.
Cape Town’s problems stem from a ‘double whammy’ of holiday rentals converted to long-term rentals, and the ability to work from home.
For residential property landlords who bought with the idea of letting them out, either via Airbnb or long-term rental, the past year has not been kind.
With more and more tenants defaulting on rental payments, and an increase in vacancies, many landlords find themselves under immense pressure.
2020 is going to be a rough, rough year for everybody, and landlords may be looking at a situation where tenants are unable to pay them in full.