Most private landlords who cut rent to help tenants during the pandemic absorbed these losses from their savings, says the National Residential Landlords Association.
It says that 61% of landlords who offered at least one tenant a rent-free or a deferred rent period in the second quarter of the year absorbed these losses from their own pocket, according to a poll conducted by the landlords’ body.
The association highlights a September survey by YouGov, which says that 61% of landlords rent out just one property, and 34% are retired with rental income representing all or part of their pension.
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