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Why Mid-Term Inspections are Vital

Rising rents and a shortage of affordable property have created an army of ‘ghosts’ who live in sub-let rooms in rented homes and are unknown to the agent or the landlord. Recent research shows that an estimated 3.3 million people are living as unofficial tenants – that is as many as 1 in every 10 rental homes. Almost half of residential lettings agencies have found multiple occupants living in a home unofficially, according to research done by the insurer Direct Line.

Patricia Barber, Chairman of the Association of Independent Inventory Clerks, was quoted in an article on Residental Landlord, “The sheer cost of renting in some parts of the UK has driven some tenants to kip on a mates’ spare room, or in more sinister circumstances, multiple sub-tenants inhabit a property over time.”

With many people living in the property wear and tear naturally increases, with great expense incurred. In one instance sub-letting incurred more than £10,000 worth of damage, a cost that had to be covered by the landlord.

The story was also covered by Letting Agent Today