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Monday Jul 23, 2018

Estate agents see increase in illegal sub-letting

The desire to make a quick buck is leading to an increase in illegal sub-letting, in which tenants rent rooms in their homes to other parties and pocket the difference in rent.

Some tenants also illegally sublet to others to help them pay the rent.

Even though rental agencies strictly vet prospective tenants, such cases are definitely occurring, says Graham Ross, general manager of five Just Property franchises in the Western Cape.

"There has been a slight increase and it is of concern," he says.

Cases are being seen where tenants rent properties with the undeclared intention of sub-letting them to two or more families and then keeping the "profit".

"This seems to be happening more in apartments where the rent is less than for a house. This gives the tenant a better chance of making more money with less risk."

Read more on Property360...

Bonny Fourie
Property360.com

 
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