2nd
Mar 2016
We previously reported of a surging trend of tenants sub-letting rooms in their rented accommodation, receiving ‘contributions’ with nearly one six doing so.
The Insurance Company who carried out the research revealing the upsurge, also found that the majority of tenants doing this failed to tell their landlords.
Landlords have already found nearly a fifth of those tenants who are guilty of this and 11% of the cases where the tenant’s name was on the agreement, ended up being kicked out and just over 5% lost their deposit.
The Insurance Company warns landlords and agents that the trend could rocket as more tenants said that they were seriously considering this option and were looking at placing ads on flat share websites, AirBnB was mentioned.
The Insurer claims there has been an 18% rise, since 2014 in numbers of landlords contacting them with sub-letting cases.
The most predominant areas of sub-letting are the North West and West Midlands, with 27% of tenants admitting to sub-letting their accommodation.
Nick Breton Head of Business for the Insurer, said: “There could be some serious consequences for tenants who sub-let, but landlords need to be aware that in these circumstances there could also be insurance implications. Sub-letting is not covered under most insurance policies, so it’s really important that landlords make their tenants fully aware of the restrictions on the lease and maintain that communication that can help prevent any future breaches.”
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