Landlords predict rise in rental arrears

Many landlords are expecting the level of rent arrears to increase during the course of next year, reveals research from the National Landlords Association.

The research of approximately 1,000 landlords shows that 71% of property investors predict rent arrears will be on the rise next year.

The results also reveal that 67% of landlords have had problems with rent arrears in the past, with 37% are having payment difficulties with current tenants.

David Salusbury, chairman of the NLA, commenting on these latest arrears figures, says: “Landlords are clearly concerned that tenants will be unable to keep up with rent payments over the next 12 months.

“It is a worrying situation to be in and landlords need to do all they can to ensure they are regularly receiving rent. Regular communication between both parties is essential to head off major problems.”