Rental tenants stealing is a real concern for landlords.
With the news that one in seven people living in rental properties break their tenancy agreement hitting the headlines recently, it seems things for landlords are not getting any easier.
Now, Direct Line claims that those living in rental properties are regularly stealing items when they move out.
New research by the insurance company suggests that 30% of renters think it’s acceptable to take things from rental properties.
Items stolen apparently include fridges, freezers, televisions, light fittings and even sinks. Direct Line estimates that the total value of items stolen is around £509 per household.
You might be forgiven for thinking that items are taken by mistake, but that’s not the case. More than 20% of those questioned admitted to taking items simply because they wanted to.
Danny Luke, Quick Move Now’s managing director, commented:
Increased stamp duty, changes to tax relief and increased legislation meant that things were already becoming increasingly challenging for landlords with rental properties.
This latest news will simply confirm what many landlords have already experienced and highlight the difficulties they face.
Nationally there is a shortage of rental properties. These increasingly challenging conditions could mean a growing number of landlords choose to sell up, and who could blame them?
Are you a landlord with a former rental property to sell?
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