property uk real estate agents investments websites sell news features information map company services
 PROPERTY   DIRECTORY   AGENTS   INVESTMENT   SELL   SERVICES   NEWS   GUIDES   HOTSPOTS   FEATURES   MAP   COMPANY
Image 3 of Northern Ireland Image 4 of Northern Ireland Image 5 of England Image 6 of Wales Image 7 of Scotland Image 1 of Scotland Image 2 of Wales UK Flag property uk real estate agents investments websites sell news features information map company services
 REGISTER
Username:
 Password:  LOG IN
 Search:  GO
     
 

 Runaway tenants leave landlords in the lurch

 

Tuesday, November 15, 2005


Half of all landlords have, at some point, had a property abandoned by a fleeing tenant, according to a new survey.

Out of those landlords who have experienced runaway tenants, nearly four out of ten (39%) said that this had happened to them within the last year, with more than a fifth saying it had happened just within the last six months.

It’s not all bad news for landlords however, showed the survey from the National Landlords Association (NLA), as 41% of landlords questioned said that that it had been more than two years since a tenant had abandoned one of their properties. This suggests that perhaps as landlords become more experienced they are less likely to suffer property abandonment.

The NLA’s chairman, David Salusbury, commented: "Despite the fact that the majority of tenancies end satisfactorily for both parties, the findings of our survey show that all landlords face the risk of a tenant abandoning a property at some point in time. If you are a landlord for many years, or if you have a large number of rented properties, sooner or later it will happen to you."

"However, the NLA recommends a number of steps that landlords can take to minimise the risks, such as asking for a written reference from the prospective tenant’s current employer. This confirms that the prospective tenant is indeed a full time employee with the firm and gives the landlord an additional contact should the tenant leave before the tenancy is up."

Tenants are much less likely to abandon a property if a landlord has a record of their place of work and next of kin. A written reference should also be sought from the previous landlord, where relevant. Landlords usually also take a one month deposit at the start of the tenancy which can go part way to covering any lost rent or damages.

They should note however that from October 2006 rental deposits will have to be placed in an authorised tenancy deposit scheme, under new provisions of the Housing Act 2004.

Indeed, the survey findings suggest that once a landlord has experienced an absconded tenant they do, for the most part, take action to guard against a recurrence. More than half (52%) of landlords who have experienced a tenant abandoning one of their properties said that it has only happened to them once.

However, a remaining fifth of landlords said that they had suffered the experience on three or more occasions in the last two years, which suggests that in reality it may be very difficult for landlords to prevent a tenant from absconding.

Once a tenant has disappeared it can be very difficult for landlords to reclaim lost rent or damages, even through the courts, as the tenant may be impossible to trace. The extent of the problem is proven by the fact that the issue of unreliable tenants is one that causes landlords the most concern; second only to increasing government regulation.

David Salusbury continued: "Occasionally, a tenant may lose their job or encounter financial difficulties. I’d encourage people who find themselves in that position to seek professional help and speak to their landlord. It may be that a mutually satisfactory solution can be found. Upping sticks and abandoning a rented property is not the way out of the fix."

"No matter what precautions they take, many landlords may still find themselves prey to the minority of people out there who are dishonest. The UK private rented sector houses a wide demographic spread of people, which includes some of the UK’s most vulnerable."

"Certain areas within the sector, however, do present a higher risk of unsatisfactory tenancies than others, and at a time when government is focusing on improving the rights of tenants it is important that they also ensure that the rights of the landlord are equally protected."

 
 
     
     
 

 Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

 
     
     
 

 Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…


Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...


Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...


 
     
     
 

 Sponsored listings:

 
     
     
 

 Free E-zines:

Subscribe to our free regular email newsletters on the following subjects:

First name:

Surname:

E-mail:


Please select:

Daily headlines
Investment
Leaseback
Overseas
Weekly review
Other stuff


Click here for descriptions


 
     
 VISITORS   INVESTORS   OWNERS   DEVELOPERS   AGENTS   AFFILIATES   ADVERTISERS   PARTNERS   PRESS
worldwide
Worldwide
england
England
northern-ireland
Northern Ireland
scotland
Scotland
wales
Wales
london
London
spain
Spain
france
France
italy
Italy
usa
USA
Investment
Investment
Privacy policy   Terms of use   Support   Bookmark now!   uk index
TheMoveChannel.com is a protected Trademark.
Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.