Tenants are struggling to meet their rental payments
New research from letting agents shows the UK is feeling the squeeze of the economic slowdown, as more tenants are struggling to pay their rents on time.
Four in ten (41.2%) members of the Association of Letting Agents reported an increase in the number of tenants struggling to meet their rental payments to landlords in the six months to March 2012.
As a result, an increasing number of tenants are attempting to ‘knock down’ the price of their rent when negotiating with landlords. Haggling on rents has become most prevalent in the North East of England and the South West, whereas it is least prevalent in London.
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