Private landlords should consider protecting their income by taking out insurance that covers them if tenants fail to pay rent.

That is the view of David Salusbury, chairman of the National Landlords Association (NLA), who said that that the current economic situation suggests that now is an ideal time to think about securing such policies.

His comments come after NLA research showed that nearly 75 per cent of landlords have experienced rent arrears at some stage of their careers in the property industry.

The study also indicated that 43 per cent of these cases have happened in the last 12 months.

Mr Salusbury remarked: "Unfortunately we aren't out the woods with the economy just yet and thanks to redundancy and unemployment some tenants are struggling to pay their rent."

Earlier this month, the Office for National Statistics revealed that unemployment levels reached 2.47 million in the three months to August.

Written by John Weeks

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