Roughly 71% of landlords expect rent arrears to increase during 2009, research by the National Landlords Association (NLA) has found.
The study also found that two thirds (67%) of landlords have experienced problems with rent arrears in the past, with 37% facing payment difficulties with current tenants.
David Salusbury, chairman of the NLA, says landlords are in a worrying situation, and need to do all they can to ensure they receive rent regularly. Salusbury emphasises regular communication between both parties is essential to head off any problems.
"The money received through rent is vital and with 71% per cent of landlords predicting that rent arrears will rise in the next 12 months, it is more important than ever that landlords are able to make an informed decision about the financial worthiness of the tenants they are taking on. A simple credit or tenant reference check before they make a decision will give landlords some additional peace of mind that their tenants can be relied upon to meet rent payments," he concludes.IFAonline
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