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Fall in landlords seeking vacant possession in 2013

Landlords seeking vacant possession of property has fallen by 43% year-on-year, with 14% seeking this option in 2013 compared to 20% a year previously.

The number of landlords seeking vacant possession of property has fallen by 43% year-on-year, according to figures from the National Landlords Association (NLA).

According to the association’s Quarterly Landlord Panel, 14% of landlords sought vacant possession in 2013 compared to 20% in 2012.

Vacant possession refers to a legal obligation whereby properties should be left in a state where they could be occupied at any given time.

The number of landlords using legal services also dropped by 3% in 2013 from 13% in 2012, while landlords reporting anti-social behavior of tenants were also down three percentage points year-on-year.

Carolyn Uphill, Chairwoman of the NLA, said: “It is encouraging to see such a significant reduction in the number of landlords seeking vacant possession of their properties, which could be attributed to a recovering economy.”

She added that any property investor interested in the buy-to-let market should be more receptive to their tenants’ needs but that any financial issues resulting from late payments or arrears should not be ignored.

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