Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
Rent Arrears Impact 26% of UK Landlords in Past Year
More than one in four landlords in the UK have experienced rent arrears over the past year, according to new research from Pegasus Insight. The report, highlighted by PropertyWire, states that 26% of landlords were affected by arrears, a decrease from the 42% recorded at the peak in 2020.
The article also notes that void periods continue to be a persistent challenge across the sector. This information is relevant for letting agents and inventory clerks monitoring trends in rent payments and tenancy management.
Source: PropertyWire