“Rent My House To The Council”
They will pay your rent for 1-5 years hassle free!
No Longer Have Any Tenant Voids
No Longer Worry About Tenant Issues & Arrears
Receive Truly Passive Income
Receive Your Property Back In The Same Condition
Feel free to review us on the following
No Longer Do You Have To Maintain The Property
We Cover Any Damages Caused By The Tenant
We Pay You A Fixed Amount Every Single Month
Council Guaranteed Rent Scheme: Is It Worth it?
It’s a question that is asked among landlords a lot. Is it worth taking a guaranteed rent from the council? Some people might not be comfortable allowing their accommodation to be used as social housing. However, they may not be a more established renter than having the council look after your property. If you think about the number of resources that the council is allocated, it outcompetes many letting agents that only have a small team. Anyway, let’s run through the whole scenario.
What is a guaranteed rent scheme?
A guaranteed rent scheme is between a landlord and a third party. They agree upon a guaranteed fixed monthly payment which would be a percentage of the typical household rent. This can be performed in a multitude of ways, it can be council-backed, an insurance product or with a letting agency.
Rent your house to the council
Yes, you can rent your property on a residential leasing scheme. The council is always looking for more houses and private landlords. Your property must meet the minimum requirements specified by the local council. Other areas which make you more appealing not only just as a landlord but also to the council. If you’re a part of the ‘National Approved Lettings Scheme’ (NALS), an accreditation scheme for letting and management agents. Also the Residential Landlords Association (RLA). which provides support for landlords and is a credible accreditation.
Is it rent-free for the tenants in the council house?
Typically the tenants that the council put in your house will be paying rent in some means for 48 weeks of the year. However, unlike renting to a letting agency or an individual, you will not have rent voids or arrears as a landlord. As regardless of whether the tenant that the council has sublet to, you receive your rental payment regardless. This assures you and feeling stress-free as you no longer have to worry about a tenant not paying.
Will my house be let with the housing association?
Housing Associations can be known as Registered Social Landlords and Private Registered Providers of Social Housing. They work directly with local councils and the government to provide affordable housing to those who need it. There is normally quite a long waiting list and the council will work with the housing association when subletting your property. The housing organisation is a not-for-profit organisation and any revenue generated through renting the property is put back into acquiring and maintaining properties.
Will the council rent my house to people on universal credit?
The council does not only just rent to people on universal credit. Council houses are there to provide social housing to those who need it. For example, you could be offered housing if you are homeless, live in cramped conditions, have a medical condition made worse by your current home. Because only some properties will be suitable for certain tenants. To give another example your house could be provided to a disabled person if it has great access around the property. However, if you have a flat up four flights of starts without a lift, this wouldn’t be suitable for this tenant.
What local councils lease from the rented sector?
Many councils will lease property from the rented sector. You do have to check on a location by location basis. Each council will typically have their own approach and amount of social housing supply. As we’re in talks with the council, we know the council is offering guaranteed rent in Birmingham. Other local councils in the UK that provide plenty of housing are Luton and many areas in London. If you’re unsure you can always contact us and we will go about finding you the best arrangement possible.
What is the fixed cost I will receive with guaranteed rent?
You will normally receive a percentage of what is the typical income of your property. We will study the local rents in your area and give you a fixed cost each month. This enables you to relieve yourself of all of your tenant worries and start enjoying your passive income. If you would like an accurate estimation on the guaranteed rent you would receive contact us today. You could try one of those online rent calculators but they are never accurate. We will give you a real estimation that we could start paying within a week as long as your property fits the criteria. Before you’re able to have the council as your tenant you must first make sure your accommodation meets minimum property standards. Therefore the property should be ready to be let out and be in reasonable condition. The typical areas are: gas and the electrical appliance should be safe (with certificates), smoke and carbon monoxide alarms fitted, and an energy performance certificate (EPC).
We Provide Fixed Income
No More Tenant Calls
We Handle All Repairs
No More Rental Voids