LETTING & ESTATE AGENT

Four in ten landlords cannot afford to miss one month's rent

Four in ten landlords cannot afford to miss one month's rent

Four in ten landlords earn such slim margins from their rental income that just one missed payment by a tenant can cause serious difficulties.

The finding emerges in a survey by the National Landlords Association.

Carolyn Uphill, chairman of the NLA, said: “Landlords operate within a business environment and it’s essential that they budget accordingly.

“We recommend budgeting for ten months’ rent in any 12-month period to allow for missed rental payments and voids.

“It’s also essential that landlords carry out checks on potential tenants to minimise their risk of non-payment.”