Research Shows Landlords Need to Better Protect Themselves
August 13, 2014 |
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According to research carried out by insurer AXA, landlords are putting themselves at unecessary risk by failing to carry out basic checks on prospective tenants. In a survey of tenants, 60% admitted to breaking the terms of their rental agreement. Over a quarter (26%) said they were guilty of late rental payment, while one in ten admitted to having done a runner in order to avoid paying the landlord.
The survey sample was 2,000 people currently renting property in the UK. All regions were represented. According to the survey, 18% of the approximately nine million private rented sector tenants have kept pets in their property without permission. Noise complaints from neighbours were received by 15%, and 8% had sub-let a room without permission from the landlord.
8% admitted to having committed a crime within their rented property, and 10% said police had been called to their property. Although the vast majority of tenants are law-abiding, landlords need to keep in mind their legal responsibility to ensure their properties aren’t being used for criminal purposes.
It was found that 38% of landlords carry out no checks at all, and only 5% carry out a criminal record check. A third of landlords reported never visiting their property during a rental.