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Depending on your financial situation and preferred style of living, there are many advantages to renting: 1  Renting a home can be cheaper than buying a home. 2  You have more flexibility when you rent. 3  Your landlord, not you, is responsible for performing nearly all maintenance and repair work on the property.
Local housing allowance. If you're renting a home from a private landlord and you're on a low income, you may be able to claim housing benefit. Housing benefit for private tenants is called Local Housing Allowance (LHA). LHA can help towards the cost of rent, but it doesn't cover charges for heating, hot water, lighting, laundry or cooking. How LHA is calculated. The rate of LHA you receive depends on the area you're living in, and the number of rooms you need.