Rent arrears 'remain low'
by Gemma Roskell
Residential landlords may welcome new figures which show that despite the recession, the number of tenants falling behind on rent payments remains low.
According to research by LSL Property Services, just 16 per cent of landlords have seen an increase in rental arrears
in the last year.
The majority of these experienced only a slight rise.
By contrast, some 84 per cent said the number of tenants unable to pay their rent on time had either remained the same or fallen.
In total, around nine per cent of all rent due in the UK remains unpaid, down from 11 per cent in July 2009.
David Brown, commercial director at LSL Property Services, said: "The hike in tenant arrears hasn't materialised in the last 12 months as many feared.
"With the labour market remaining relatively strong, most tenant finances have been in better shape than expected," he explained.
Mark Garner, founder of LettingZone, said recently that tighter supply is allowing landlords to put up their rents at the moment.
- 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: September 2, 2010
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