A recent landlord survey claims that 49% of landlords have experienced rental arrears in the last twelve months and that 37% of landlords are worried about potential arrears in the months ahead.

These finding are reported by the NLA and according to their latest research, a typical NLA member landlord with an average portfolio of twelve letting properties, now has four tenants in arrears and the average arrears owed by tenants is £2,363. Those landlords with larger portfolios have greater amounts owed to them by tenants.

David Salusbury, NLA Chairman, said: “It is a sign of the difficult economic conditions that so many landlords are experiencing rental arrears. In these circumstances, landlords should work with their tenants to minimise the impact of financial stress. Short term instances of arrears can often be resolved with a sensible repayment plan or a temporary reduced rent arrangement. It is in landlords’ best interests to help tenants through tough financial times where possible.

“Landlords who work collaboratively with their tenants towards sustaining the tenancy for the long term will encourage prosperous tenancies. It is professional and collaborative working that will help ensure the private-rental market remains a promising investment opportunity, in turn helping to bring the economy back to an upward trend.”