If you experience rental arrears over a long period of time, it may eventually come to the point where you need to evict the tenant, as it becomes unaffordable to continue. As a landlord, you should be aware that it’s currently taking up to 12 months to evict a tenant from the point of final notice due to a number of factors that are causing delays in the process. So what could this mean for you and how are we here to help you (or anybody you know in this situation) out?

Why Is It Taking So Long?

It’s currently taking so long due to a range of factors, which include:

• New laws meaning that you have to give a tenant at least 2 months’ notice in most cases
• Backlogs in the system from Covid-19
• Court delays

What Does This Mean For Your Rental Income?

If your tenants are unable to pay their rent, this means that arrears will continue to build during the eviction process, which as mentioned, could be taking up to 12 months (and in some cases even longer).

Without any protection in place, you’d be missing out on all rental income for this period. Is this something that you’d be able to afford?

How Are We Able To Help?

Thankfully, it doesn’t have to be that way, and you can guarantee your rental income no matter what the circumstances are. At Anglo American, we guarantee your rent each and every month, regardless of a change to your tenants’ circumstances.

In this particular case, where your tenants are unable to make up the rental payments, you’d still be getting the same income from your property every month. On top of that, even after you’ve given an eviction notice, as long as the tenants remain in the property, you would still be receiving the full rental income every single month.

If you currently have a rental property that doesn’t have rent guaranteed, or perhaps know somebody who does, we can help! Just get in touch with us using our contact details below and we can support you, as a landlord, with guidance and advice to help you maintain your income in the future.