QUOTE (Turin Machine @ Jun 17 2017, 06:15 PM)
That's why contracts exist. Trouble is they don't live up to them. It can take months to get bailiffs in and in the meantime, no rents coming in while they continue to cause damage. Some people I know start saying "why bother trying to make it nice" just factor the losses in and bump up rents and refurbish less often. Must say, JSC's idea could gain traction.
Of course, but no more than any other business, people failing to pay for work done, lifting stock, failing to disclose material facts, etc.etc,etc. The housing market is no more immune from bad customers than any other commercial operation. Where proper management is in place, because a dwelling is a fixed known location, taking the sector as a whole the incidence of bad debt is lower than average.
On the other hand, particularly in areas where prices have shot forward, particularly London, we have seen a significant increase in landlords deliberately flouting even the most basic regulations on habitable premises, overcrowding, unjustified contract terminations, imposing unreasonable and in some cases illegal fees, unreasonably holding on to deposits.
Landlords seem to want their cake and eat it. Unsurprisingly, looked on unfavourably by the public at large. Ironically, this lack of confidence in the rented sector along with the failure of wages to increase is actually causing concern to the Government, a Tory Government at that.