Environmental Impact of Rental Property Important to Tenants

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Tenants are becoming increasingly environmentally conscious, with a significant percentage now considering the environmental impact of a rental property.

According to new research from Your Move, 42 per cent of tenants consider the environmental impact of a building important when making the decision as to which property to rent. The environmental impact of a property is affected by a myriad of factors, including the way a building is constructed, insulated, ventilated, heated and the type of fuel used to do this. All of the aforementioned factors contribute toward carbon emissions. They can also have a significant effect on the cost of running the property.

Half of all tenants situated in London believe that property owners should consider the environmental impact of their property and undertake measures that ensure that the home is environmentally friendly.

A correlation was also discovered between the amount of rent paid and the importance of a building’s green credentials. For those who pay more rent, environmental credentials are likely to be considered more important. 63 per cent of those who pay between £1,351-£1,600 consider it important that a building is environmentally friendly in comparison to the 37 per cent of those who pay £350 or less.

Tenants also considered green spaces in a building important. 32 per cent of tenants surveyed were interested in a communal garden, whilst 30 per cent were willing to pay out for a vegetable allotment.

National lettings director at Your Move and Reeds Rains, Martyn Alderton, said: ‘Whether it’s to reduce their energy consumption, save money or make a positive impact on the environment, it’s good to see that tenants consider the ‘greenness’ of a building an important factor in their rental decision. As we continue to build more and more homes for our growing population, it’s vital that we do whatever we can to create a more sustainable future for our planet and use our resources as carefully as possible.’

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