Tuesday, 24 May 2016

Abandonment A Problem For Third Of Landlords

36 per cent of landlords in the UK have had property abandoned by tenants before, according to new figures. Abandonment occurs when a tenant moves out of a property before the tenancy has ended, without informing their landlord. The issue can be costly as it often occurs when outstanding rent is owed. However, the tenant still has a legal right to return and take up residence at any time and it is a criminal offence for landlords to do anything to prevent the continuation of the tenancy. The only option for a landlord is to go through the legal process for regaining possession of an abandoned property which can take months. The Housing and Planning Act will create a new process to deal with the issue, giving landlords far greater security and peace of mind when recovering  properties they believe to have been abandoned. Read more on the NLA website.  

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