One in five landlords experience arrears in Q2
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One in five landlords have experienced rent arrears in the last three months according to new research published today by the National Landlords Association.
During Q2 2010, over 21% of landlords experienced rental arrears. This represents a small improvement on Q1 2010 when a quarter of landlords reported the same.
But the average amount of outstanding rent arrears has dropped from £978 in Q1 to £799 in Q2.
David Salusbury, chairman of NLA, says: “Rent arrears are a serious problem for landlords all over the UK. It is good to see the latest data which represents a small improvement in that more tenants are keeping up with their rent payments and not putting pressure on their landlords who may well have mortgage repayments to consider.
“It is critical that tenants and landlords communicate and work together to tackle financial problems before they result in a loss of rent or even the tenancy.
“Where problems do exist, the NLA’s new service is designed for landlords who need a helping hand in guiding them through what can be particularly stressful and complicated procedures which must be carried out correctly.”
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