Tenants in arrears up 24%

Long term tenant rent arrears are up almost a quarter (24%) over the last year according to figures from Templeton LPA.  

The Tenant Arrears Tracker study reveals that 100,400 tenants in England and Wales are in severe arrears in the 3 months to June.  Whilst rental arrears still remain an isolated problem with only 2.6% of tenants in rental arrears of 2 months or more.  The fact that figures are rising illustrate that many tenants are under financial stress as incomes reduce whilst living costs continue to rise.

For advice about what to do if your tenant stops paying the rent have a look at the Landlordsbible.

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