Another organisation is warning of the dangers if tenants go away at Christmas and sub-let their properties without consent.
Total Landlord Insurance, which has issued the warning, says it has seen a 14 per cent increase in the number of malicious and accidental damage claims received this year as a direct result of illegal sub-letting through holiday rental sites such as Airbnb.
“According to findings from the National Landlords Association almost half of tenants who sub-let their property do so without their landlord’s permission. Sub-letting can breach a landlord’s mortgage terms and also invalidate their existing insurance policy so it’s vital for them to be aware of the problems it can present” claims Eddie Hooker, chief executive of Total Landlord Insurance.
The firm advises agents or landlords who suspect their properties are being sub-let to check popular holiday websites to see if the units have been advertised.
Last week the online student accommodation website, studentletting, warned of a similar problem affecting university and college units where tenants have extended Christmas breaks and may be tempted to sub-let rooms, apartments or houses.
Currently, the average void period across England is 16.8 days a...
Landlord numbers may have dropped in recent months but a longer...
More than four in 10 landlords claim their letting agents charge...
A lettings insurance specialist company is warning that students moving into...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment