ITS MY HOUSE: SA’s residential ‘squatter’ numbers have risen in the last decade.
Loading player...
The number of residential tenants classified as ‘squatting’ has progressively increased in South Africa in the past decade.
Tenants classified as squatting are defined as having not paid three consecutive months of rent and continuing to occupy the property in the fourth month.
TPN Credit Bureau said although this trend is cause for concern for landlords, the total number of tenants classified as squatting – fewer than five out of 1 000 tenants – remains small when compared with the number of tenants who do meet their rental obligations.
Tenants classified as squatting are defined as having not paid three consecutive months of rent and continuing to occupy the property in the fourth month.
TPN Credit Bureau said although this trend is cause for concern for landlords, the total number of tenants classified as squatting – fewer than five out of 1 000 tenants – remains small when compared with the number of tenants who do meet their rental obligations.
