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Taking an annual basis, tenant numbers in major arrears is looking to show a slight improvement – a fall of 2.9% in absolute terms. But serious cases of arrears over the past twelve months are still 20% above the long term average. A spokesman for the receiver, said: “Tenants as a whole have already shown great resilience to setbacks, and we expect the proportion of all rent in arrears to halve between 2008 and 2018. But a troubled minority is feeling the pinch most sharply.
“Slower rent rises in the last couple of months have provided some relief. However, the longer-term battle is with other forms of inflation, plus unemployment and anaemic wage growth. Consumer inflation is persistently outpacing the Bank of England’s target, and escalating much faster than either rents or wages. “There is a growing block of tenants who can’t keep their heads above the rising tide of inflation and weak wage growth.
Rent Smart Wales - Landlords Watch Out
Immigration Act revised 2016 should a landlord or letting agent fail to ensure ALL tenants/occupiers have a righto reside for the duration of the tenancy then they may be fined £3000 for each breach. The Secretary of State may instruct the landlord to remove such persons without the need of a court order by way of reasonable force
Labour market enforcement - restriction on illegal migrants to work. A labour market enforcement undertaking (an “LME undertaking”) is an undertaking by the person giving it (the “subject”) to comply with any prohibitions, restrictions and requirements set out in the undertaking