Last year saw a boom in pet ownership, but for many people having a four-legged friend can make finding rental accommodation a challenge which could prove a lucrative investment opportunity for landlords.
Allowing pets in rental homes has become a growing issue and government statistics estimate that just 7% of private landlords advertise pet friendly properties. Although earlier this year the Government aimed to tackle this issue with its Model Tenancy Agreement that makes it easier for tenants with well-behaved pets to find rented accommodation, the growing number of pet ownership means that many tenants with pets still struggle to find suitable accommodation.
As a result of this, those considering a buy-to-let (BTL) investment may find that that their investment is more successful if they allow tenants to have pets in the property.
