In the current financial climate it's inevitable that some tenants may be experiencing more difficulty than usual when it comes to staying up-to-date with their rent.

And with energy bills expected to rise further and wage growth having failed to keep up with inflation, it's not surprising that the latest Tenant Arrears Tracker from Templeton LPA found the number of tenants who are over two months behind with their payments has jumped by 24 per cent in the past year.

People who find themselves in this situation are said to be in severe arrears, and with 100,400 in England and Wales currently fitting into the category, it seems that something has to be done to address the issue.

"Falling wages in real terms have been compounded by rising rents, pushing a greater number of rented households over the edge financially," said Paul Jardine, director and receiver at Templeton LPA.

The number of tenants now in severe arrears is at its highest point since Templeton LPA started monitoring the figures in 2008, and David Lawrenson, private rented sector expert at, believes that landlords should be understanding when dealing with the problem.

"I would encourage landlords and tenants to just talk to each other and discuss any problems that they might have," he said.

Rather than applying pressure and making demands of tenants who are struggling with their finances, it seems that talking about the situation and trying to resolve it could be more productive.

However, in some instances, possession may eventually become the only option, and proceedings can be started once a tenant is over two months late with their rent payments

What's more, considering the extent to which investors rely on their properties for profit, landlord insurance policies can help provide them with an extra financial safeguard in the event that any damage occurs to their assets.