Official statistics published on 15th August by the Ministry of Justice confirm the fears of many that more and more tenants are defaulting with the payment of their rent and/or fail to vacate when they should. For the 2nd quarter of this year [April – July], the number of re-possession summonses issued on behalf of landlords in local county courts increased 2% for the same period in 2007 and 1% fewer than in the first quarter of this year. The 2nd quarter of this year saw more than 37,600 private and social sector landlord re-possession summons being issued with more than 28,000 re-possession orders being granted. In excess of 23,350 related to rent arrears and other grounds for possession. For period January to June 2008, more than 74,820 re-possession summonses have been issued and 56,500 orders made to date.
Mike Summerhayes, LetSafe’s Director of Legal Services, considers that the “….statistics have yet to reflect the current economic climate and, regrettably, the 3rd quarter is likely to show an upward trend as tenants struggle with the effects of the current economic climate and with private sector landlords wanting to take swift and immediate action against defaulting tenants to safeguard their property investments.”
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