Property Redress Scheme Expels Guaranteed Rent Operator


The Property Redress Scheme has expelled a guaranteed rent operator after they failed to pay an eyewatering £150,000 in rent to a former landlord client. The agent was required to pay the landlord £25,000 by the Property Redress Scheme, the maximum they can award, and has now been removed from the scheme for not complying with the final decision. The landlord will continue to try to recover the amount owed via the courts. The case involved rent to rent arrangements for eight properties, which the agent struggled to fill due to the pandemic. The landlord agreed to reduced rent payments whilst the agent tried to find tenants, but the agent failed to comply with their […]

The post Property Redress Scheme Expels Guaranteed Rent Operator appeared first on PropertyWire.