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Wednesday, November 24, 2010

Tenant finances improve

Tenant finances were in better shape in October according to latest figures from LSL Property Services. Unpaid rent within it branches of letting agents totalled £221m across the UK in October, down from £229.3m in the previous month.

With just 9.3 per cent of all UK rent unpaid during the month, it hovered just 0.1 per cent above its best performance on record, according to the data.

David Brown Commercial Director commented: "Falling arrears provided another boost to landlords in October."

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