Landlords & tenants: Rental escalations ease: [an extract from an article by: Waldo Marcus, Marketing Director at TPN from MRI Software – in property 24 – 28 October 2024]
The fact that most tenants continued to meet their rental commitments in the second quarter despite high levels of household debt is the result of stringent vetting and collection processes on the part of property owners…
TPN’s quarterly Residential Rental Monitor report provides valuable information on rental market trends based on TPN data for tenants who are in good standing, payment performance by rental value band, the TPN Squat Index, national and provincial rental escalations and the latest consumer insights.
High interest rates over a 16-month period raised the cost of credit significantly resulting in the average debt burden on South African households reaching its highest levels in 15 years in the second quarter, according to the latest Altron FinTech Household Resilience Index. The index measures the financial resilience of households, particularly their ability to cope with debt and repay loans.
The Original Full Article can be Viewed here → https://www.property24.com/articles/landlords-and-tenants-rental-escalations-ease/32422