Airbnb’s decision to enforce the London-specific legislation which limits hosts to letting their properties for no more than 90 nights a year may cost it $US400m, equivalent to £325m.
Around a third of private rented sector tenants in the UK say they are currently subletting without the landlord’s consent and four out of 10 tenants plan to do so in the near future, new research has found.
The survey from online lettings agents PropertyLetByUs, also shows that the vast majority of tenants, 96%, are subletting the property for short time to help a family member or friend out and 82% claim they are subletting to help pay the rent.
Over half of tenants, 52%, say that they planning to sublet their property in the near future, with the landlord’s consent and 78% think they should be able to sublet the property without the landlord’s approval.
‘Everyone does it’, but leaseholders and tenants must tread carefully if they want to avoid repercussions
One in six tenants in the UK have rented out part or all of their property to someone who isn’t on the lease agreement, new research has found.
Some 25% who sub-let their property didn’t check the terms of their lease to see if it was permitted, while 34% had not informed their landlord of the decision, according to the survey by landlord insurance provider Direct Line for Business.
Of the sub-letters who did not inform their landlord, 23% got found out in the end anyway and the firm points out that the consequences when landlords catch tenants sub-letting can be severe.
A survey claims that 17 per cent of private rental sector tenants in the UK admit to having rented out part or all of their properties to individuals who are not on lease agreements.
Some 25 per cent of tenants who sub-let did not check the terms of their lease to see if it was permitted, while 34 per cent had not informed their landlord of the decision.
The total number of evictions last year reached a record high of 42,728 according to data from the Ministry of Justice.
Whilst overall possession claims fell during the year to 148,043, the number of accelerated possession cases continued their upward trend reaching 37,663 in 2015, up 4.5 per cent on the previous year and up 10.5 per cent on 2013.
Now Paul Shamplina, founder of specialist eviction service Landlord Action, says the rise in evictions and use of Section 21 accelerated possession procedures is a stark insight into the severity of the UK’s housing shortage.
The practice of unauthorised sub-letting is still rife in the UK's private rented sector (PRS) and subsequently damaged properties are costing landlords thousands of pounds, it is claimed.
The warning from the Association of Independent Inventory Clerks (AIIC) comes after the National Landlords Association (NLA) recently reported that almost half of tenants who sub-let their property do so without their landlord’s consent.
The practice of unauthorised sub-letting is still rife in the UK's private rented sector, according to the Association of Independent Inventory Clerks.
A survey of tenants suggests around one in nine private sector tenants sublet their propertiers, and almost half of those do so behind the backs of their landlords.
A tenant eviction specialist has warned that the Government’s proposal to introduce minimum room sizes will not prevent subletting scams which are often the cause of “rabbit hutch rooms”.
Landlord Action founder Paul Shamplina said the proposed new rules will require greater enforcement resources to be effective.
While the law is set to change, tenants are still in danger of losing their homes because they sublet – as this story shows
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