The level of residential tenants in good standing, which includes tenants whose accounts have been settled in full by the end of the month including any arrears, is continuing to improve from the lows during the hard Covid-19 lockdowns in 2020. TPN Credit Bureau’s latest Residential Rental Monitor for the fourth quarter of 2021 reveals that the percentage of tenants in good standing improved further to 81.4% at the end of 2021. The percentage of tenants in good standing dropped sharply to 73.
Tenant red flags and how to avoid them TPN said the percentage of tenants in good standing has on average been improving since the hard lockdown low of the second quarter in 2020. However, it noted that some rental bands are not yet on the road to recovery. It said the below R4 500 rental band, for example, continued to struggle to break through the 80% in good standing mark.
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