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A leading landlord insurer is warning landlords to beware of tenants sub-letting their properties over the holidays. Since most shorthold tenancy agreements specifically exclude sub-letting without the landlord’s written consent, landlords could end up in breach of their mortgage terms and conditions, as well as uninsured if there is any damage to the property.
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Illegal Sub-Letting on Airbnb
Websites like Airbnb make it incredibly easy for people to sub-let a room or entire property for short periods of time, say a weekend or week. With the festive holidays almost upon us, some enterprising tenants will be looking to make extra money. Properties in high-demand areas such as London, Edinburgh, or York are always popular on Airbnb, but short-term lets are risky.
There have been numerous reports in the press about homeowners returning to their property only to find the place trashed by tenants. This would be bad enough if you let your property out knowingly, but for an unwitting landlord, who only finds out about the arrangement when neighbours call him up to report a party, it’s an even bigger nightmare.
Protect Your Property from an Illegal Sub-Letting Scam
To prevent any problems over the holidays, ask neighbours to keep a close eye on your buy to let property so they can report any unusual activity. Check sites like Airbnb to see if your property has been illegally advertised. If you do discover it has, let your tenant know they have breached their tenancy agreement.
