Judge makes ruling under Proceeds of Crime Act after Andrew Panayi rented out a storage basement that Islington council had declared unsuitableA landlord who rented out a storage basement as self-contained accommodation for £975 a month after it was declared substandard has been ordered to pay back £70000 in rent under the Proceeds of Crime Act.
Andrew Panayi,one of Britain’s most controversial landlords, who lets out 180 properties mostly on the Caledonian Road in north London, or pleaded guilty to renting out the unlicensed basement despite an earlier council ruling that it was “an unsatisfactory and substandard unit of residential accommodation ... with inadequate light and outlook and destitute living environment”. He was also fined £2000 and ordered to pay £16000 costs by a judge at Blackfriars crown court. Continue reading...
Source: theguardian.com