LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Rent-to-rent middle man disappears

Rent-to-rent middle man disappears

 

Mystery surrounds a “rent-to-rent” middleman who appears to have shut up shop, leaving both landlords and tenants speculating about what has happened to money owed to them.

The Guardian has reported how Daniel Burton, director of Unida Place, has apparently gone missing despite owing both tenants and landlords money. The agency’s offices have shut down, the phone isn’t answered and the website is offline.

Numerous tenants say they are owed deposit money by Burton after leaving properties run by Unida Place. It appears Burton didn’t protect deposits in a recognised scheme.

Unida Place operated a rent-to-rent business where a property is let from a landlord and then rooms, often including living areas, are let on separate contracts to tenants. The strategy has come in for a lot of criticism with experts questioning whether it breaks buy-to-let mortgage terms.

Burton issued his tenants with licences, rather than assured shorthold tenancy agreements. Licences give renters less rights, especially concerning eviction, and should only be used in a few set circumstances.

Burton was well known on the property investor circuit, teaching delegates how to run rent-to-rent. Some of his peers in the property investment community report having spoken to him over the past few days but whether he’ll come out of hiding and face the music remains to be seen.

 

After reading the above it does make you think which Agent is truthful to their words and which isnt. That's why it is always important to do a lot of research before shaking hands with the Agent.

 

We are proud to confirm we are a member of Safe Agent and ensure top quality service is delivered to both tenants and landlords alike. For more information on who we are associated with why not give us a call on 01924 201457 to discuss in further and possibly allow us to become your letting agent.

 

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