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Tenant rent arrears decline but industry urged to remain cautious


The percentage of tenants in rent arrears decreased during October and November, according to research from PayProp.
Payment data from the rental payment platform also shows that the typical percentage of rent in arrears fell consistently from August to November.
However, with strict COVID-19 restrictions across large parts of the country set to remain in place for the foreseeable future, PayProp said letting agents and landlords should prepare themselves for arrears increasing again in the first few months of 2021.
PayProp’s platform data offers financial evidence that the percentage of tenants in arrears dropped to 11.8% in November, down from 12.2% in October. ....

Neil Cobbold ,

PayProp: Agents and landlords must prepare for increased festive arrears

Agents and landlords must prepare for increased festive arrears, according to Neil Cobbold, chief sales officer at PayProp. ....

Neil Cobbold , Renter Reform Bill , வாடகைதாரர் சீர்திருத்தம் ர சி து ,