Rent Arrears Increased In December Despite Falling Rents

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There’s been a sudden jump in the amount of rent arrears for the month of December. I suppose this isn’t really that surprising since it’s probably the most expensive month of the year for everyone. You normally find tenants either pay part of their rent and use the remainder on presents or don’t pay their rent at all. The cost of Christmas has a lot to answer for really.

Approximately £326million in rent was either late or unpaid, according to a survey from LSL Property Services which is a considerable increase on last year’s figures. This is at a time where UK rents have actually been falling steadily dropping by 0.9 per cent to £734 per month.

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