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According to figures published by the National Landlords Association, around 36% of landlords have had a property where tenants have simply disappeared overnight, often leaving rent arrears in their wake. The problem is even worse in the North of England, with 58% of landlords reporting property abandonment.
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A Costly Process for Landlords
Property abandonment is very costly for a landlord. Even though the tenant may owe rent and have left the property in an appalling state, because the tenancy has not ended, they are still legally entitled to return and move back in. Landlords can’t prevent them and if they try, the law is on the side of the tenant. The only thing a landlord can do is start the legal process to regain possession of their property.
Housing and Property Act
Luckily for landlords, the Housing and Planning Act, which has just received Royal Assent, contains new measures to deal with this problem.
“The process of recovering an abandoned property is too long, frustrating, and costly for landlords at the moment,” says Richard Lambert, CEO of the National Landlords Association.
“Many people will be shocked by just how common this problem is, and landlords will be relieved to know that the Housing and Planning Act will create a new process to deal with the issue, giving them far greater security and peace of mind when recovering properties they believe to have been abandoned”.
