Rent debts ‘a recession symptom’

An increasing number of people are struggling with rental debts, it has been suggested.

According to research from the Association of Residential Letting Agents (Arla), 55 per cent of the organisation’s members have witnessed a rise in those finding it hard to pay their rent, something that could see tenants evicted.

Operations manager of Arla Ian Potter noted that this problem will continue and possibly grow worse with “tenants … caught in a web of debt” because of greater demand for rented accommodation.

“It is crucial that agents engage in a careful selection process for both tenants and landlords,” he continued, adding that they must also ensure they have in place “relevant contracts and agreements”.

Earlier this year, Arla published findings indicating that the housing market in the UK is experiencing reluctant tenants, such as those who had to sell their homes as a result of the recession and others who can now purchase houses but are unable to because of a lack of properties for sale.

By Sarah Adie

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