Friday, May 20, 2011
“The calendar was one key reason for these late payments”
The average rent paid by tenants in England and Wales matched a record monthly high of Â£692 in April, according to a survey. Rents rose by 0.8% compared with the previous month and were 4.4% higher than a year earlier, letting agency network LSL Property Services said. Landlords were facing a decline in property values, and the proportion of tenants in arrears leapt, with 11.8% of all UK rent unpaid or paid late by the end of April.