Monday, 11 November 2013

Landlords Struggle to Pay Bills When Tenants Miss Payments

A survey of landlords and tenants commissioned by the National Landlords Association (NLA) has found that 40 per cent of landlords earn little more than enough to break even each month, meaning just one missed payment can leave them financially vulnerable. The survey also revealed some interesting insights into tenants’ perceptions of landlords, with one in three tenants stating that they thought their landlord was more interested in their earnings than anything else. The survey was undertaken to investigate the impact of missed rent payments and cumulative rent arrears. In light of the findings and the potential impact of missed rental payments, the NLA has launched a guide to financial management for landlords and tenants. Read more on the NLA website.

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