Finefair Ltd has a long history of working extremely hard to meet our clients’ needs. We put in the effort regardless of the service you are using. For one thing, we do what we can to give you the top resources for private sector leasing Harrow has. Our people can inform you of the options available in addition to the advantages of this arrangement. What we want for you in the end is peace of mind in relation to rental management and income.

What is the private sector leasing process?

For landlords, learning about private sector leasing schemes will be beneficial. Things will be hands-off here. Furthermore, it is easy to understand how the process works. To start with, you let your building to a local authority. Next, the authorities utilise the structure to accommodate tenants they choose. They will help those in danger of becoming homeless or people without homes already. Therefore, elderly, disabled, and low-income people will benefit the most.

If you are not sure if this is the step you want to take, then knowing more about the schemes will help.

A guaranteed income

When you use the finest scheme for private sector leasing Harrow has, you can guarantee your income. The council you work with will pay you a certain amount every month. In addition, the payments will be in advance. You can secure your cash flow and completely dodge the risk of losses.

As for the tenants, the council will see to them. Those living in your building will become council tenants. They will probably only have to pay a small percentage of the rent, or none if their circumstances are right. If there is someone who is not paying their share, this won’t affect you. It means the schemes are more beneficial than having tenants not pay you and you needing to personally deal with them.

Vacancy concerns

If you are a private landlord, it is possible your building may be empty at some point even if you are in an area with high demand. This can also happen with active tenant contracts. The void periods can be a big problem because you will lose income. If you use leasing schemes though, this won’t be an issue. You will get paid by the council even when there is an empty property.

The most positive thing here is no-vacancy situations don’t pop up that often when you work with a local council. Someone always needs housing, especially in London. Councils can struggle to offer it because of a lack of stock and issues with supply. What you have in the end is a list of people waiting for the council to assist them. Knowing this, if you join a scheme, your property should not be empty for long at any given time.

Damage assurances

Another thing these schemes have is rules relating to the wellbeing of properties. You could find yourself in a situation where people living in the building wilfully damage or alter it without your knowledge. The repair bills won’t be your responsibility though. Instead, the council will sort everything out.

A hands-off scheme

The best thing about the schemes is that everything is very hands-off. You won’t have much to do here. Initially you only really need to make sure the building is inhabitable and meets the council’s standards. You will need to provide some essential things though, such as Gas Safety certification.

Beyond this you can usually just sit back and enjoy your guaranteed rent income. The council will handle finding tenants and everything involving tenancies. Generally they also arrange property management too or we take care of it.

Start private sector leasing in Harrow

Landlords have to make many difficult choices. This includes deciding on tenants and the level of work they want to do. If you are after protection against damages and voids, and guaranteed incomes, these schemes are ideal for you. Plus, they can vary in length to match your future plans.

There are too many reasons not to use the greatest schemes for private sector leasing Harrow has. So, if you make the decision to use them, Finefair Ltd will be more than willing to offer assistance. We are local council partners. Thus, we have strong links to authorities throughout London.

If you want our advice and guidance, call or email us.