December can be a trying month for rent arrears. With Christmas comes presents, with presents comes spending, with spending comes no money and as a result tenants tend to overlook rental payments.
We have been advising tenants that they should start paying a little extra each week leading up to Christmas to avoid a rent arrears situation, however no matter how much we pursue the tenants, it is inevitable that some tenants will fall into arrears.
As we know this is completely unacceptable, albeit, please persist with our efforts to ensure rent is kept up to date over the Christmas and New Year period.
If your tenants do fall into arrears you can be assured that you will be notified, and that the situation will be closely monitored.
With our common due date of the 1st of each month rent will be a little later to our owners accounts in January due to the banks public holidays.