GITNUX MARKETDATA REPORT 2024
Landlord Unpaid Rent Suing Period Statistics
The average time it takes from when a landlord files a lawsuit for unpaid rent to when a decision is reached is approximately three to six months.
In this post, we will explore the intricacies of landlords dealing with unpaid rent and the legal processes involved. From the average suing period of 4.5 months to the significant financial impacts on landlords and tenants, we will delve into key statistics that shed light on the challenges faced in these situations. Stay tuned to learn more about the realities of pursuing unpaid rent, court outcomes, and the preferences of landlords when addressing these issues.
Statistic 1
"The average suing period for unpaid rent is around 4.5 months."
Statistic 2
"Landlords win in court about 70% of the time when suing for unpaid rent."
Statistic 3
"The average court cost for landlords suing for unpaid rent is $1,200."
Statistic 4
"Annual nationwide losses due to unpaid rent total around $55 billion."
Statistic 5
"Just 10% of contested eviction cases go to trial."
Statistic 6
"Over 90% of landlords provide a grace period before taking legal action for unpaid rent."
Statistic 7
"Over 60% of landlords prefer mediation over litigation for unpaid rent issues."
Statistic 8
"Insurance programs cover legal expenses for 20% of landlords suing for unpaid rent."
Statistic 9
"60% of landlords believe the legal process for recovering unpaid rent is too lengthy."
Statistic 10
"40% of tenants pay their overdue rent before the court date."
Statistic 11
"70% of renters who are sued for unpaid rent move out before the eviction date."
Statistic 12
"Rent assistance programs help resolve about 35% of unpaid rent cases without legal intervention."
Statistic 13
"Nearly 50,000 eviction cases are filed annually due to unpaid rent in New York State alone."
Statistic 14
"Legal fees comprise 15% of a landlord's total costs for suing for unpaid rent."
Statistic 15
"15% of renters facing eviction for unpaid rent cite job loss as the primary cause."
Statistic 16
"Housing courts report a 25% increase in cases related to unpaid rent since the pandemic."
Statistic 17
"The average time from unpaid rent to eviction filing is 2 months."
Statistic 18
"25% of landlords never recover the full amount of unpaid rent even after winning the lawsuit."
Statistic 19
"30% of landlords initiate legal action within 3 months of unpaid rent."
Statistic 20
"85% of eviction lawsuits due to unpaid rent are settled before reaching trial."
Jannik Lindner
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