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Tuesday, August 24, 2010

Rental arrears down

LSL the property services company that owns the likes of Intercounty and Reeds Rains has seen rental arrears at their lowest level ever according to their latest release.

In July they dropped to 9.2% of all rent across the UK, a fall from 11.2 % at the start of this year.

July saw the total unpaid rental coming in at £212.9m, compared to £361m in August 2008.

Cynics might just say that these figures just highlight that LSL are just being more effective at what they are paid to do anyway - to collect their landlords rents.

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