Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
Within the last 2 weeks another Letting Agent operating for approx 7 years has gone into receivership. Tenant deposits had not been protected, some landlords had not been paid for at least 7 months and apparently all the money has disappeared!!
They must have ‘managed’ over 200 properties, a fair amount of bond money and rents taken… Action Fraud reluctant to help….. Why should the owners of this company get away with defrauding hundreds of people?
I co-own an agency in the surrounding area and feel so strongly that the government should do something to stop this happening again in the future. How unprofessional letting agents can set up business without client bank accounts and bond protection is beyond me!! I am calling on all professionals in the industry to make a stance and force legislation for the better!!
Do you agree?
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