Rent arrears are main cause of costly possessions

Landlords reported in 57 per cent of possession cases the tenants took less than three months to move out, while 81 per cent of cases were resolved within five months.

David Salusbury, Chairman, NLA, commenting on the research results, said:

“Gaining possession can be very costly for landlords, especially when it is related to rental arrears. Many landlords have mortgages to pay on top of the expense of gaining possession. One-third of landlords have reported paying between £250 and £1,000 to have tenants removed. This amount is often compounded by late rent payments.”