One in six tenants in the UK have sub-let their property
According to a survey by landlord insurance provider Direct Line for Business, one in six tenants in the UK have rented out part or all of their property to someone who isn’t on the lease agreement. Some 25% who sub-let their property didn’t check the terms of their lease to see if it was permitted, while 34% had not informed their landlord of the decision.
Nick Breton, head of Direct Line for Business, commented that ‘there could be some serious consequences for tenants who sub-let, but landlords need to be aware that in these circumstances there could also be insurance implications. Sub-letting is not covered under most insurance policies, so it’s really important that landlords make their tenants fully aware of the restrictions on the lease and maintain that communication that can help prevent any future breaches’.
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