STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

ValPal
New warning of potential illegal sub-letting over Christmas

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.

imgcollapse
sign up