Nightmare agent with no Client Money Protection causes double-trouble for landlord

Written by Estate Agent Networking UK on - Letting Agent Talk -

This week (Thursday 18th May, 9pm) Channel Five’s “Nightmare Tenants, Slum Landlords” will highlight why Client Money Protection is of paramount importance to all landlords and tenants, as a rogue agent in Ilford fails to pass on rent or carry out sufficient referencing, leading to a sub-letting scam via a Romanian property website.

When IT consultant Doni Soeyono decided to invest his hard-earned savings in a property, he thought it was best to use a letting agent to avoid the headache of any potential nightmare tenants. But from the outset, all was not what it seemed. Almost immediately, Doni found himself on the backfoot with his rent arriving consistently late, if at all, and his requests for information ignored. Just as he thought things couldn’t get any worse, he discovered that the agent had not carried out proper referencing and his house was being sub-let on a Romanian website to tenants who have no intention of leaving.

When confronted by eviction specialist Paul Shamplina of Landlord Action about their shortcomings, including poor referencing and not passing on rent, the agent proceeded to lock Paul in the office. Despite this, the Landlord Action team recovered the rent for the landlord before the company folded. Sadly other landlords and tenants who used the same agent were not so lucky, defrauded out of thousands of pounds in rent and deposits.

Mr Shamplina comments: “This is a particularly difficult case. Not only is the poor landlord battling with rogue tenants residing in his property through a sub-letting scam, he is also fighting against an unscrupulous agent which has failed in every aspect of their duty of care.  It is so important that landlords and tenants ask their agent if they have Client Money Protect (CMP) insurance so that if the business closes, their money is protected. If the answer is no, do not use them. There is a common misconception that landlord and tenant money is protected by law (YouGov Poll) but this is not the case, so the sooner CMP is mandatory, hopefully next year, the better. 

Doni Soeyono now faces months of trying to evict his tenants. Watch this week’s episode of “Nightmare Tenants Slum Landlords” (18th May, 9pm on Channel 5) to find out if Paul Shamplina and his team manage to have Doni’s case transferred to the High Court and get his property back.

 

www.landlordaction.co.uk

Author: Estate Agent Networking UK

We share news updates and posts from within in the industry. All content shared via this Estate Agent Networking user account are third party and not that of our team.

Mail Sign Branded Emails

Share
 

Recent Popular Articles


Landlord Action appeals to Ministry of Justice to transfer more evictions to the High Court.


The length of time it is taking to get a County Court bailiff appointment once a possession order has been granted, in some cases up


A Guide To The Changes In Buy To Let Mortgages


Last year, Chancellor of the Exchequer George Osborne announced a raft of new tax measures for the buy to let market, some of which specifically


Letting Agents - Why are Shelter Quoting Out of Date Research to back up their Flawed Argument on Future Rental Rises


Scotland banned Letting Fees in 2012. The charity Shelter have been a big voice in persuading and lobbying the Government since it managed to persuade


Swapping tenants mid tenancy ~ Importance of tenants attending check out.


Check Outs: In a recent survey in September 2015 the DPS (Deposit Protection Service) reported that nearly 50% of tenants do not bother to attend


Are you a Letting Agent in the Graveyard of Letting Agency Buried Dreams?


When I started my business 3 years ago, everything seemed hard. Marketing seemed hard.. Selling seemed hard.. Finding my best clients seemed hard .. Finances