Tenants still battling with rent arrears
ABOUT 40% of South African tenants are still in arrears with their rental payments as unemployment and the financial impact of the hard lockdown continue to bite.
Many of these tenants are slowly clawing their way back through payment plans or grace periods given by their landlords – and are thus considered to still be in “good standing” – but just over a quarter (25.44%) are making only partial payments or not paying at all, according to TPN’s Residential Rental Monitor for Q3 2020.
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