Landlords' phone bills could be climbing during the recession, information released by the National Landlords Association (NLA) has indicated.
The NLA says that over the last 12 months its advice line has typically received 2,500 calls per month, 74 per cent of which are from landlords seeking advice on how to handle rent arrears.
As the economic climate begins to take its toll, tenants are increasingly defaulting on their rent, which is putting landlords in a difficult position, the association says.
Consequently, landlords are looking for advice on the best way to deal with the situation - including how to legally evict a tenant who is behind on their rent.
Richard Price, director of operations at the NLA, says: "No landlord wants to serve notice on a tenant, but the reality is landlords are forced to do this when rental arrears become serious."
Michael Portman, managing director Let Insurance Services, has warned landlords not to gamble and take out rent protection insurance instead
Published on: February 20, 2009