Tenants owe £300 million rent to buy to let landlords

Landlords are owed around £300 million in unpaid rent for August – about 11 per cent of all rents due, according to LSL Property Services, the country’s biggest letting agent.

The figure was 19.5 per cent up on July’s arrears of £251 million.

Rents and inflation were both up in August, putting a strain on the money tenants had to pay rent, but David Newnes, managing director of LSL Property Services blames tenants paying for summer holidays for part off the shortfall.

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