Tenant evictions can cost landlords up to £2,000
New research suggests the cost of legally evicting a tenant can cost up to £2,000 in court fees for landlords and can take a minimum of 6 months before a landlord regains control of their property. However, this does not include the additional costs a landlord would face if they were to attempt to recoup rennet arrears.
With rents predicted to rise faster than property prices over the next few years and more landlords experiencing rent arrears, StudentTenant.com have carried out research on the cost, time and money involved with evicting unwanted tenants.
Landlords who wish to evict tenants can wait for a minimum period of four months before regaining control of their property, if the tenant does not defend the court eviction. However, if they do this period can be much longer.
A leading residential eviction specialist who helps landlords in evicting tenants, has broken down the costs involved to a landlord when trying to regain possession of their property.
Serve 2 months’ notice – £120
Landlords must serve a section 21 notice to their tenant providing them with 2 months notice of their intention to evict. However, the tenant is not legally required to leave the property and is often encouraged by local councils and housing charities to remain in the property.
Property Possession Order – £685
If after serving a section 21 notice the tenant does not vacate the property, the landlord will need to apply to the court for a possession order. This process can take up to 6 months depending on how busy the court is.
High-Court Bailiff – £1,176
Once a possession order has been granted to a landlord, the court will set a date for the tenant to vacate the property. Only a court bailiff has the power to evict the tenant from the property.
Unfortunately this may not be the only costs a landlord faces when trying to evict a non-paying tenant from their property.
If a tenant does not pay rent during the eviction process, the landlord will be owed thousands of pounds in rent arrears while the tenant continues to live in the property rent free until their final eviction date. Landlords will also have to cover the costs for any repairs to the property if it was left in a bad condition after the tenants are evicted.
Danielle Cullen, managing director at StudentTenant.com, commented: “We really do need reform in the rental sector to protect landlords’ rights when it comes to evicting tenants.
“Local councils are encouraging tenants to stay in the property until the eviction date, usually months into the future, so they are eligible for emergency housing. Tenants can only apply for it once they have been legally evicted, and if they leave any earlier, they are choosing to become homeless and cannot receive any support.
She added: “Landlords and tenants are being really let down by the regulations in the sector. When it comes to removing non-paying tenants, the government needs to make changes to make it quicker to remove a tenant in this kind of situation.
Cullen did stress that more support is needed for tenants who are evicted through no fault of their own. She believes they should be supported in finding new homes to avoid them staying in properties until they are forced out.
Full article available on StudentTenant.com/news: https://www.studenttenant.com/news/tenant-evictions-2000-eviction-fees