‘Record low’ for strug­gling ten­ants

Yorkshire Post - Property - - PROPERTY -

AS­SO­CI­A­TION of Res­i­den­tial Let­ting Agents re­search re­veals that the num­ber of ten­ants strug­gling to pay rent has fallen to a record low.

Ac­cord­ing to ARLA’s lat­est quar­terly re­port, let­ting agents have found that fewer ten­ants are find­ing rental pay­ments dif­fi­cult.

The study also shows that just un­der half of let­ting agents say de­mand for rental homes is out­strip­ping sup­ply, Ian Pot­ter, man­ag­ing di­rec­tor of ARLA, says: “Com­pe­ti­tion for the best rental prop­er­ties re­mains fierce, but this should not tempt ten­ants to of­fer be­yond their means to se­cure a prop­erty. De­spite of­ten need­ing to make a swift de­ci­sion, I would urge ten­ants to con­sider their fi­nances be­fore sign­ing an agree­ment.”

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