{"id":261,"date":"2010-09-10T09:00:53","date_gmt":"2010-09-10T09:00:53","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=261"},"modified":"2010-09-10T09:00:53","modified_gmt":"2010-09-10T09:00:53","slug":"rental-arrears-decline","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/rental-arrears-decline\/","title":{"rendered":"Rental Arrears Decline"},"content":{"rendered":"

By:
\nMadalena Penny<\/p>\n

Landlords acting faster when dealing with defaulting tenants have contributed to the improvement in tenant arrears, according to LSL Property Services.<\/p>\n

As the largest lettings agent network in the UK, LSL\u2019s research showed that 84% landlords reported that tenant arrears had remained stable or declined in the past 12 months, despite the economic pressure of the recession.<\/p>\n

Industry spokesman, Steven Moss of\u00a0 legal network, \u2018Legal 4 Landlords\u2019<\/a>, added,<\/p>\n

\u201cAs a company, we have proven to landlords that acting fast when dealing with tenant arrears and none-payment of rent is crucial.\u00a0 Our aim is to provide relevant solutions to landlords who are faced with tenant problems.\u00a0 The current research produced by LSL is a significant pointer as to the change in landlord response when dealing with rent arrears.\u00a0 As our own data indicates a stark increase in tenant reference requests, we feel that the noted decline in tenant arrears can also be attributed to rent-savvy landlords who are employing thorough tenant reference checks.\u201d<\/p>\n

David Brown, commercial director of LSL Property Services said,<\/p>\n

\u201cThe hike in tenant arrears hasn\u2019t materialised in the last 12 months as many feared.\u00a0 With the labour market remaining relatively strong, most tenant finances have been in better shape than expected \u2013 keeping the overall arrears across the UK down.\u201d<\/p>\n

Yesterday, the Bank of England\u2019s Monetary Policy Committee announced that interest rates were to remain unchanged for another month.\u00a0 As many landlords, struggling with BTL repayments and defaulting tenants, will no doubt be relieved by the news after fears that it was rumoured to rise.<\/p>\n","protected":false},"excerpt":{"rendered":"

By: Madalena Penny Landlords acting faster when dealing with defaulting tenants have contributed to the improvement in tenant arrears, according to LSL Property Services. As the largest lettings agent network in the UK, LSL\u2019s research showed that 84% landlords reported that tenant arrears had remained stable or declined in the past 12 months, despite the […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[51],"yoast_head":"\nRental Arrears Decline - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/rental-arrears-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rental Arrears Decline - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"By: Madalena Penny Landlords acting faster when dealing with defaulting tenants have contributed to the improvement in tenant arrears, according to LSL Property Services. 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