Abandoned properties a 'common' problem for landlords

Abandoned properties a 'common' problem for landlords
Have you ever had a tenant move out of a property that you own before the tenancy has ended, without informing you? If you answer no to that question, than consider yourself fortunate, because new data from the National Landlords Association (NLA) shows that over a third (36%) of landlords in the UK have had property abandoned by tenants before.

The issue can be costly as it often occurs when outstanding rent is owed, and yet the tenant still has a legal right to return and take up residence at any time and it is a criminal offence for landlords to do anything to prevent the continuation of the tenancy.

Landlords generally have to go through the legal process for regaining possession of an abandoned property which can often take months.

The problem in the UK is most acute in the North East of England where 58% of buy-to-let investors have had a property abandoned. Some 51% of landlords in the North have also experienced the issue.

Landlords seeking to avoid having a property abandoned, may wish to consider investing in the South West of England, which has the lowest proportion of abandonments, at 31%.

"The process of recovering an abandoned property is too long, frustrating, and costly for landlords at the moment," said Richard Lambert, CEO of the NLA.

Thankfully, landlords will be relieved to know that the Housing and Planning Act, which recently received Royal Ascent, will create a new process to deal with the issue, which Lambert says will offer them "far greater security and peace of mind when recovering  properties they believe to have been abandoned".

Full regional breakdown

 

UK Region


Had property abandoned

     (%)

North East

     58

Wales

     56

North West

     51

East Midlands

     49

Scotland

     48

Yorks & Humber

     39

East England

     38

West Midlands

     37

South East

     35

London

     33

South West

     31

 


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