Tenants who are struggling with money because of the economic downturn and not paying their rent on time are causing "horrific problems" for landlords, it has been claimed.
The Residential Landlords Associations (RLA) says that many landlords are in danger of going out of business if people refuse to pay their rent.
Part of the reason for this is that payment from tenants is used to cover the costs of maintaining property, meeting loan repayments, paying taxes, cleaning and repairing houses and also covering any empty periods.
It is also used to comply with government and local authority requirements.
Lee Dribben, chairman of the RLA, said: "In the worst circumstances, a landlord may end up losing his own home due to tenants' failure to pay rent."
According to research conducted over the course of a year by mydeposits.co.uk, tenants lost an average of £15,000 a month because they did not comply with the conditions of the policy.
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