‘Record low’ for struggling tenants
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.”