Friends left 'in tears' over £8k rental scam
#Rental scam #Fraud #Chartered Trading Standards Institute #Property market #Tenancy agreement #Financial loss #Consumer safety
📌 Key Takeaways
- A group of renters lost over £8,000 in a fraudulent property listing scam.
- The Chartered Trading Standards Institute (CTSI) has issued a formal warning to the public.
- Scammers are using sophisticated documents and fake listings to trick high-value targets.
- Experts advise verifying landlord identity and avoiding high-pressure payment requests.
📖 Full Retelling
🏷️ Themes
Crime, Housing, Consumer Protection
📚 Related People & Topics
Chartered Trading Standards Institute
UK professional association
The Chartered Trading Standards Institute (CTSI) is a professional association which represents and trains trading standards professionals working in local authorities, business and consumer sectors and in central government in the UK and overseas.
Fraud
Intentional deception to gain unlawfully
In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to thwart the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrato...
Real estate economics
Application of economic techniques to real estate markets
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research o...
Lease
Contract to use an asset by paying the owner
A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased.