littledavesab Posted March 18, 2009 Report Share Posted March 18, 2009 BUY TO LET INVESTORS BEWARE - A NEW PERIL TO WATCH OUT FORIS YOUR LET PROPERTY BEING USED AS A CANNABIS FACTORY?I am not being facetious. Working in the insurance industry I have seen two claims recently (could be coincidence but does not seem so).Clients have let their properties, only to find that the so called tenants have messed with the wiring, blocked out the windows, knocked holes through walls, place stinks like...a cannabis factory. Unpaid mega electric bill. Costs a lot to fix + Insurers are unlikely to cover all or at best a small part of damage caused.A quick look at google shows a fair number of newspaper reportshttp://www.times-series.co.uk/news/3858459...nnabis_factory/This one was similar to our examplesBest way to protect yourself as a landlord is to carry out regular inspectionsThe culprits may or may not decide to live in the premises themselves while this is going on.Police advicehttp://www.residentiallandlord.co.uk/news1743.htmlMy main point is that I think there is a lot of this going on....be careful Link to comment Share on other sites More sharing options...
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