Finefair Ltd works on behalf of its clients to secure the best arrangements for them. We do this with every service we offer. For one, our team ensure we provide the finest resources for private sector leasing Kensington and Chelsea has. We are able to supply extensive details about the options you have. Moreover, we can go over the potential advantages with you. When it comes to rental management and income, we want you to have full peace of mind.
How does private sector leasing work?
If you are a landlord, examining the finer details of private sector leasing is worth your time. Things are going to be hands off here to say the least. Additionally, we will make sure everything is easy for you to understand.
To start with, you let your building out to your local authority. From this point, they choose their own tenants to live in it. They will mainly focus on people who need help finding housing. As a result you will be supporting elderly, low-income, and disabled people, as well as care leavers and people without a permanent residence.
You may need a little more convincing if you have not decided this is the right thing for you. We would be happy to share more details and show why we are the best for private sector leasing Kensington and Chelsea can offer. The following advantages could sway it for you.
A guaranteed income
Firstly, when you sign up to these schemes you will get a guarantee on the rent. The council you are working with will pay the bill every month. This is a great alternative to trusting the actual tenant to pay. As a result, it is one of the leading ways to safeguard your income and prevent losses.
No need to manage tenancies
One thing many landlords don’t expect is how much time it takes to manage tenancies. It is never a simple case of finding a tenant and then counting your money every month. You have to think about who to choose, tenancy agreements, and managing tenancies. There are also the times when tenancies end and you need to find new tenants. You could have voids here if you aren’t proactive.
Luckily, you can avoid all of this with private sector leasing. Here the council will look after everything. It will save you all of the time and effort.
What happens with vacant properties?
If you are a private landlord, there is a good chance your building has been empty a few times. This happens and most landlords accept void periods are just part of the process. Sadly it is a loss of income, and long term vacancies can have a negative impact on the condition of properties.
Private sector leasing can help. For starters, you have the rent guarantee so voids never hurt you financially. Plus, no-vacancy situations are rare when you work with the council. Most local authorities in the UK have long waiting lists of tenants because of high demand and house prices. So, should you join a scheme, it is likely the council will be able to have someone ready to move in quickly.
Don’t worry about damages
Another thing schemes will have is beneficial rules for the condition of each property. There could be a situation where the current residents cause damage. Or they could change something without asking. You won’t have to worry about any repair bills here. The council will handle these details.
Start private sector leasing in Kensington and Chelsea
As you have seen, there are many reasons to start a leasing scheme with your council. They will take care of most of the management work for one thing. Furthermore, you won’t have the job to look after tenants. It can be the best option for many landlords.
If you decide to start using these schemes, our team here at Finefair Ltd can assist you. As local partners, we have strong ties to authorities all over London. Due to this fact, we can provide the top insights into private sector leasing Kensington and Chelsea can give and help in other areas too.
So, please get in touch with us if you want to find out more.
