Tenants still battling with rent arrears

By IOL Reporter | Published Dec 1, 2020

Financial impact of the lockdown hits tenants hard as they are particularly sensitive to job losses and reduced income. 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.