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Rent Arrears

Tuesday, 7th July, 2015

Almost a third (32%) of landlords in the UK - approximately 500,000 - say they have experienced rent arrears in the last 12 months, according to research from the National Landlords Association.

The research shows that a typical landlord faces 1,649 of outstanding rent, totaling 850 million worth of rent arrears across the UK.

The NLA's findings also show that more than one in five (22%) landlords in the UK - approximately 300,000 - are worried that their tenants won't be able to keep up rental payments over the next year.

The research supports the launch of the NLA's latest campaign: rent, risk resolve. The campaign aims to highlight the biggest risks facing landlords and help to minimise the impact on their lettings business: rent arrears; rising interest rates; local landlord licensing and regulation and the introduction of rent controls.

Carolyn Uphill, Chairman of the National Landlords Association, said:

"All landlords will be affected by one or more of these issues to some extent somewhere down the line and it's vital to keep in mind the major threats to the success of your business. The potential impact of these risks can be devastating on both the business and personal life.

The first focus of the NLA's campaign will be the risk of rent arrears. The NLA guide, "A Landlord's Guide to Rent Arrears" enables landlords to spot potential arrears early and provides strategies to put in place to mitigate the impact.


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