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Government support will prevent surge in rent arrears

Jobless claims have reached 26 million, but by the end of last week the share of apartment tenants making a full or partial rental payment in April was down by just four percentage points compared to usual. That demonstrates tenants are still incentivised to make rental payments when they can. With enhanced unemployment insurance payments starting to arrive, rental arrears will not see the same surge that has been recorded in some other sectors.

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