Significant increase in serious rent arrears
Posted on January 7th, 2012
Posted on January 04th 2012
Companies providing landlords insurance and other services to the residential lettings sector should take note of the latest warnings about tenant arrears.
Recent statistics published by specialist receiver company Templeton LPA show that tenant arrears have climbed significantly over the past year. For example, figures show that during the last quarter of 2011, the number of tenants more than two months in arrears had increased by almost 11,400 compared to the last quarter of 2010.
Although most renters pay on time, the increased incidence of serious rent arrears could mean that more landlords experience cash flow problems.
Tags: Arrears, Rent Arrears
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