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Rent arrears double in last two years.

03/06/2010

A new report by BDRC Continental has found that rent arrears have doubled in the past two years, with more than a third of landlords reporting that tenants have fallen behind with payments.
Some 34% of private landlords have experienced arrears problems over the past 12 months, according to the researchers compared with 16% in the third quarter of 2008.
Worst-hit are landlords in the London's suburbs and the East Midlands
Mark Long of BDRC Continental said: "Britain's private landlords still have to cope with uncertain economic conditions and arrears are at the highest level since the research began in 2006.The research also shows that two-thirds of landlords don't intend to change the price of the rent charged to tenants in the next three months."

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