Wellington landlords out of pocket after company closure
Property owners received an email from the company on Friday saying it had ceased trading and that a liquidator was to be appointed to "settle up company finances."
While efforts to contact Jericho have been unsuccessful, Quinovic Kent Terrace principal Matt Watson said he had been approached by ten landlords formerly with Jericho, all saying they are owed money.
"What we've been told by the landlords, the owners I should say, is that they haven't been receiving rent when there has been a tenant in place and the tenant claims they have been paying rent. So for one reason or another the tenant's been paying rent, the owner hasn't been receiving it."
Rent Wellington's Robin McCandless has also been approached by former Jericho clients and said he had been told the same story.
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