As consumers\u2019 reliance on digital technology shows no signs of slowing down, it has emerged that criminals are increasingly targeting individuals who utilise unregulated online platforms to secure accessible rental accommodation.<\/p>\n
While online rental scams are not a new phenomenon, various estate agencies have reported a rise in fraudulent activities impacting the rental property sector. Capitalising on the amplified demand for affordable rental property, scammers impersonate agents by listing properties \u2013 that they have no authority to market \u2013 on popular platforms, such as RentUncle and Facebook Marketplace, at prices well below market rates. Often, the adverts use stolen images of apartments or townhouses and either contain copy-pasted descriptions of the property or vague and inconsistent references. Unlike online portals that specialise in marketing the sale or lease of immovable property, these platforms do not verify the authenticity of property listings.<\/p>\n
Lured by attractive pricing, unsuspecting victims are quickly requested to supply their personal information and to pay a deposit to criminals posing as legitimate property practitioners in order to secure the premises. Once the victim makes payment, the scammer cashes out and ends all communication.<\/p>\n
Potential renters are urged to remain vigilant when using online platforms to find rental accommodation. While scams vary, there are several tell-tale indicators to be aware of, namely inconsistent property details, a reluctance to organise in-person viewings, requests for personal data, including identity documents and bank account details (before the conclusion of a lease agreement), and demands for urgent payment.<\/p>\n