Landlords urged to use NLA Rent Arrears
Date:Friday 23rd July 2010
Author: Susanna Kavka
The National Landlords Association (NLA) Rent Arrears tool may help property owners remedy a situation in a structured manner when a renter falls behind with their payments.
Chairman of the organisation David Salusbury made his comments after a study by the NLA showed that 21 per cent of landlords experienced rental arrears during the second quarter of 2010.
He explained that this can be a serious problem and stressed the importance of communication between property owners and their tenants.
In his opinion, a situation can be salvaged if the two parties work together, without the need to end a tenancy.
"The NLA's new service is designed for landlords who need a helping hand in guiding them through what can be particularly stressful and complicated procedures," said Mr Salusbury.
Customers may also find the NLA Rent Arrears tool offers a cost-effective method for dealing with the issue, added the property expert.
Last month, Mr Salusbury suggested that the recent emergency Budget could have been worse than it ended up being.