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Loan claims: Tenants in difficulty 'should talk to landlord'

Tenants who are in financial difficulties, such as those facing mounting loan charges or the recently unemployed, ought to discuss their situation with the owner of their accommodation, a specialist has said.

Private rented sector expert at LettingFocus.com David Lawrenson argued: "The key thing is to keep the landlord informed of what is happening."

He suggested the owner and occupant meet each other and try to come to a "workable solution" together.

This could involve the tenant finding another property, the landlord reducing their rental fees or the two parties agreeing that the occupant will make up the shortfall when their economic situation improves.

Mr Lawrenson pointed out while a person may enter a 12-month tenancy contract, they could find themselves unable to afford the rent within four months.

In this situation, a sensible landlord ought to allow the person to leave the premises and break the lease, he declared.

There was a rise in the number of tenants in severe arrears during the first quarter of 2012, the Templeton LPA Tenant Arrears Tracker found.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801339632-ADNFCR



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