Letting Services in Newtownards
Nov 16, 2015
The number of Northern Ireland tenants who are seriously behind on their rent payments has risen to its highest level in two years according to Stephen Rea Estate Agents.
Recent data highlights that there are over 70,000 private sector tenants that owe more than two months’ rent. (*)
Steve Rea, Managing Director for Stephen Rea Estate Agents says: “While tenant arrears have risen, the chance of a tenant falling seriously behind on rents is extremely low and those in severe arrears represent just 1.4% of all tenants. This remains relatively mild by previous years comparisons which are partly due to households beginning to earn more. (*)
Stephen Rea Estate Agents, however, recognises tenant arrears can be a real worry for landlords. Thats why we reduce this risk by providing rent protection insurance which guarantees 100% of rent paid up to 6 months’ with no hidden excess, legal fees up to £15,000, hotel accommodation for up to 30 days in certain circumstances, automated claims which means no forms to complete and complete peace of mind. (**)
At Present Rental Demand is out-weighing supply. We at Stephen Rea Estate Agents already have a list of referenced tenants with appropraite guarantors. So if have a property you are thinking about renting and want the right tenant then contact Stephen Rea Estate Agents on 02891 898 257 for a free property valuation.
(**) Subject to eligibility. Terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and imitations of this product.