According to a report by Hebrew Charedi news site B’Chadrei Charedim, Charedi property owners in London claim they stopped receiving rental payments after a Jewish-owned property management operation allegedly collapsed and one of the people involved left for Dubai.

The report by Yanki Farber said the landlords had handed their properties to a company operating under a “guaranteed rent” model common in Britain. Under the arrangement, the company leased apartments from owners, rented them to tenants through local authority and social housing programs, and promised landlords fixed monthly payments regardless of occupancy.

According to the report, payments were initially transferred normally before delays reportedly began and eventually stopped entirely. Some landlords now claim they are losing tens of thousands of pounds while tenants continue living in the properties. The report also cited allegations that money connected to the operation may have been invested in Dubai real estate projects, though no evidence was publicly presented.

One London real estate agent said similar rental structures can appear stable for years before collapsing. “In more than 15 years in rentals, I have seen almost everything,” the agent said. “Guaranteed rent companies usually work nicely for a few years, and then the problems begin.”