Landlords optimistic about the future
by Morag Lyall
Landlords have showed shown signs of optimism about business in the coming months.
A survey by BDRC Continental revealed that more than half of respondents expect business to be good over the next three months and 79 per cent of all landlords have reported profits.
The research also found that 23 per cent of landlords plan to expand their leasehold property portfolio over the same period and 15 per cent plan to sell.
However, it also discovered that as many as 34 per cent of landlords have been affected by tenancy agreements
being broken from rent arrears
in the last 12 months.
Commenting, Malcolm Harrison, spokesperson for Let Insurance Services, said: "We are still living in really troubled economic times so it is inevitable that some people are going to have problems with their rents.
"Landlords need to be fully aware that we are in a time of higher risk and tenants through no fault of their own can lose jobs."
Research by the company found that landlords viewed rental arrears
as the biggest single risk in the private rental sector.
- Landlord and Tenancy News from Lawpack: Keep a legal note of your tenant's rent arrears with Lawpack's Schedule of Rent Arrears
Published on: June 9, 2010
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