HomeLatest NewsSub-Letting Costing Landlords Thousands say AIIC
Sub-Letting Costing Landlords Thousands say AIIC
Posted on 01/03/2016 by Sulgrave Estates
Unauthorized sub-letting is still rife in the Private Rented Sector (PRS) and subsequently damaged properties are costing landlords thousands according to the Association of Independent Inventory Clerks (AIIC). This comes after the NLA (National Landlords Association) reported that more than half of all tenants who sub-let their property do so without their landlord’s knowledge or consent. Pat Barber, Chair of the AIIC comments “Unfortunately the practice of authorized subletting remains rife within the PRS and can cost landlords thousands of pounds in damage. There are countless horror stories relating to subletting. For example, I know of a two bed flat in which a total of 12 adults lived, although it was only rented to 2 male tenants. Another case concerned a three bed furnished flat, let to a restaurant, and a total of 27 people were sleeping there, on shifts, all workers for the restaurant business. These were both properties that I personally checked out and needless to say both were wrecked, leaving the landlords thousands of pounds out of pocket.” This highlights once again, how vital it is to have a comprehensively detailed inventory in place from the start of the tenancy.