Landlords warned over tenant rent arrears

by Christopher Evans

The possibility of a rise in tenant rent arrears in the current climate is a major issue for landlords, experts have stated.

A representative of the National Landlords Association (NLA) told Headline Money that investors should have contingency plans in place for such eventualities.

The spokesperson stated: "Last year 71 per cent of our members said they expected rent arrears to rise in 2009 and over a third were experiencing payment difficulties with current tenants."

Similarly, a spokesperson for said landlords should "insure themselves against the rising issue of rental arrears".

However, for some such problems with tenancy agreements may be unavoidable and could be costly to deal with.

Recently the NLA revealed that 82 per cent of calls to its advice line were from landlords concerned about the non-payment of rent.

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Published on: March 2, 2009

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