JANUARY 08, 2016 | BY A & S Property
Serious rent arrears worsening towards 2013 highs
The number of tenants seriously behind on rent has risen by 13.8% on a quarterly basis, according to the latest Tenant Arrears Tracker by estate agency chains Your Move and Reeds Rains.
Adrian Gill, director of estate agents Your Move and Reeds Rains, said: “The chance of an individual tenant falling into serious arrears remains very low. In general, renting works for most people. Over the last decade the private rented sector has expanded at an unprecedented pace, providing homes for millions of households at the same time as absorbing the worst financial crisis in living memory.