More controversy swirls around Home REIT after rent withdrawal

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“As a business our main revenue stream is enhanced housing benefit from our supported housing units and currently, we aren’t in payment for most of these units,” he added. “We are working hard to unlock these payments and are in talks with landlords and other suppliers about the current issues.”

Home REIT has said it has received £3.7m invoiced rent in full from Lotus.

The revelations of rent troubles at

Lotus come after City A.M. revealed in December the firm had no idea how much rent it receives through government housing benefit payments despite saying its business model ultimately relies on them.

The firm has been hit by a slew of claims since a Viceroy Research report which raised major questions over its business model and the stability of its rental income.

Home REIT did not respond to a request to comment.