Tuesday, September 08, 2015

Tenants cause £9.9bn of damage each year

Specialist landlord law firm, Access Legal estimates UK landlords lose out  £9.9bn each year from damage,  repairs and rent arrears. 

The law firm estimate that tenant's cause £4.5bn worth of damage to rental properties each year. 

Eamonn Hogan, from Access Legal, comments: “We work with many landlords covering tenant and landlord disputes. The extortionate cost of being a landlord seems to be a figure that keeps growing. Many landlords are subject to damaged properties and rent arrears. The law doesn’t always side with tenants, but it’s a hard process for landlords to go through and a tricky legal system.”

The five most listed causes of damage placed in claims are:
  • Broken appliances (41%)
  • Damaged decorating (40%)
  • Damaged carpets (37%)
  • Lack of cleanliness (33.18%)
  • Cigarette burns (22%)

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