UK landlords have been advised that they must "manage their risk"as an increasing number of tenants could be left struggling to pay their rent.

According to figures released by the National Landlords Association (NLA) this month, more than 70 per cent of landlords are expecting rental arrears next year.

Consequently, it is important that they take "elementary precautions"to help guard against the risk, the Association of Residential Lettings Agents (Arla) has said.

First and foremost, it suggested that landlords should "be very careful to take out rental guarantee insurance", especially in the current climate where tenants could easily be made redundant "through no fault of their own".

"There are ways that landlords can manage that risk and the most important way is to insure themselves,"a spokesperson for the organisation advised.

He went on to add that full credit checks should also be carried out on any prospective tenant to ensure that they will look after the property.

Indeed, this should be done regardless of the economic situation, he stated.

The NLA report also found that 67 per cent of landlords had experienced previous problems with rent arrears, while more than a third were having trouble with current tenants.ADNFCR-2002-ID-18931766-ADNFCR

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