Growing threat of tenant fraud
Summary
A landlord survey reported a perceived rise in tenant fraud across the UK rental market, with many respondents saying incidents have become more common over the past three years. Reported fraud included unpaid rent, false identities, misleading affordability claims, unauthorised subletting and properties being used for criminal activity, often resulting in significant financial losses.
Why it matters
For residential property surveyors involved in lettings, valuation or due diligence, tenant fraud can affect rental income assumptions, occupancy risk and the reliability of tenancy information. It also highlights the importance of robust tenant checks and awareness of fraud indicators when advising clients.
Key points
- 77% of surveyed landlords believe tenant fraud has increased over the past three years.
- One in 10 landlords said they had experienced tenant fraud, with many reporting losses above £2,500.
- Common issues included misleading affordability claims, false identities, unpaid rent and unauthorised subletting.
- Some landlords reported properties being used for criminal activity or rent-to-rent arrangements without consent.
- Many cases were costly to resolve, with some landlords absorbing losses or pursuing eviction.
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