Rent arrears hit 52% of landlords

More than half of landlords have suffered late rental payments in the last 12 months, with concern growing that the situation will worsen as benefit cuts hit cash-strapped tenants, according to the National Landlords Association (NLA).

Its research revealed that, of the 600 landlords surveyed, 52% experienced rent arrears in the past year, with the average late-paying tenant owing £730 in outstanding rent.

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NetRent Comment

Rent arrears are steadily increasing and the danger is that this trend will continue. Simply credit checking the prospective tenant is not enough. Landlords should consider either insuring against loss of rent or protect themselves completely with Rent on Time.

Rent on Time pays the rent to landlords whether the tenant pays or not. It is a guarantee that you will get your rent paid every month, on time, without fail.

For more information about Rent on Time please click here Rent on Time

For more information about insuring against non-paying tenants please click here Rent & Legal Protection