A poll by LandlordZONE among our readers has shone a light on how landlords have been surviving the ongoing Covid pandemic – with over 1,100 of you responding – including how half of tenants have not paid their rent in full.

The poll was launched to find out several key questions, such as how many tenants have been able to pay their rent, how many have struggled, the number of agreement plans negotiated and the number of landlords who have decided to quite the sector.

Nearly half of those quizzed said their tenants had continued paying their rent without any problems, a quarter had paid up to 75% of their rent, 9% had paid up to half, but that 15% had not paid their rent at all.

If these percentages are extrapolated and applied to the five million tenancies within the private rented sector, this means some 750,000 have stopped paying their rent since Covid struck.

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Also, 42% said their tenants had told they were struggling to pay their rent, and of those who had tried to help their tenants three quarters said had agreed a payment plan.

“It is clear that the economic problems being created by Covid are being felt by thousands of tenants within the PRS,” says Paul Shamplina (below) of Landlord Action and star of TV show Nightmare Tenants, Slum Landlords.

“But it’s also clear that many landlords are choosing to be flexible about how they approach their tenants and hoping that their finances improve sooner than later.

“But there is a sizeable minority of landlords who are now facing rent arrears running into the tens of thousands and who are facing severe financial difficulties themselves.”

This has also had a predictable effect on landlords’ confidence; the poll also shows that more are considering sell up (23%) than buying more property (15%).



3 COMMENTS

  1. Hi, I think it speaks volumes that the government were prepared to help out the all businesses except landlords. We were offered a loan other businesses profited from the furlough scheme. Landlords on the other hand are treated with contempt. We are expected to take a mortgage holiday and bear the cost of tenants who run into arrears. To add insult to injury, we then have to wait until October to evict tenant and fund our court costs. How is this fair? To date I have an arrears bill of £12,000 and counting. I feel the government’s focus has been yet again to penalise landlords because we are deemed the enemy of the state. I’m frustrated and disillusioned but I intend to continue in property.

  2. We have decided to sell up, its no longer viable any more with the changes comming down the track it will be near impossible to recover your property without spending many thousands of pounds and lets face it most tenants don’t have a pot to pee in. We have been dragged into the political arena as they seek potential voters landlords are just an expendable resource

  3. I think this is terrible news for landlords. How can the legislation change to benefit the tenants. Especially those taking advantage of the current pandemic.

    So landlords are expected to sit and wait for tenants to build up arrears making it almost impossible to recover the debt. In all honesty they probably don’t have much to lose in terms of assets. So either a guarantor for all tenancies will be required to give landlords some form of security.

    Also any landlord tenants not paying rent should apply for direct payments from universal credit. Also email DWP and see if the tenant is taking advantage. However you would need quite a lot of information about your tenants personal details.

    I just hope they do not abolish the section 21 notice as this will only cause a decline in private landlords and shortage of supply.

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