Monday, Oct 02, 2006

"Landlords being left vulnerable to huge fines of up to 20,000 and legal action from tenants."

Firstrung: Landlords begin to flood market with property to avoid new laws

A survey of National Association of Estate Agents (NAEA) members into the effects of the HMO legislation has revealed that 63% of agents have seen landlords reduce the number of tenants in their properties in order to avoid the HMO licence. In addition to this 35% of members reported an increase of properties onto the market that would otherwise have been classed as HMOs.

Posted by converted lurker @ 10:06 AM (423 views)
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