Landlords Are Losing Out By Evicting Tenants When They Want To Sell Up

Over half a billion of rental income is lost annually because private landlords are evicting good tenants mistakenly believing that they need to sell their properties tenant free. The average landlord loses over three months’ rent as a result of evicting tenants to sell and the loss to a single private landlord, typically with just one home to sell, ranges from £2,757 to £5,514, according buy to let marketplace Vesta. It concludes that the practice of evicting good renters is not only losing landlords critical income but it is also causing unnecessary distress and costs to thousands of long term tenants who have to find alternative accommodation. Read more on the Property Wire website.

https://www.propertywire.com/news/uk/landlords-are-losing-out-by-evicting-tenants-when-they-want-to-sell-up/