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The TPN Rental Monitor - Prudence takes precedence

The latest TPN Rental Monitor report reveals interesting trends that are emerging from their data analysis of tenants’ overall credit health. 

TPN has not only continued its analysis off rental performance and rental market data, it has also analysed the full credit profile of every active tenant, every month over the last 12 months. This detailed analysis is in an effort to help landlords and property managers to understand the early-warning indicators of their tenant’s financial stress.

While rent remains a priority payment for many tenants and tenants are in good standing for the third quarter of 2016. With it favorably positioned at 84.01%, made up of 66.57% who paid on time, 6.24% paid during the grace period and 11.20% paid late.

However, it also revealed that  the overall credit profiles of many tenants are deteriorating. Unless this trend stabilises, it is simply a matter of time before rental payments will be negatively affected.

The report further reveals that Monthly rentals between R7,000 to R12,000 remain the best performing category.

You can read the full report here: TPN Rental Monitor




 



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