Finefair Ltd has always had the approach to work for the benefit of our clients, regardless of the service you use. Due to this, we strive to offer the leading resources in every area. For example, we are the best for private sector leasing Kingston upon Thames has. We can offer you details about all the options and the advantages that come with the services. What we ultimately desire is for you to have peace of mind that everything is in your favour when it comes to rent and property management.

How does private sector leasing work?

If you are a landlord, considering using a private sector leasing scheme could benefit you. It is the best option if you want a hands-off service that takes care of everything. Plus, it can be better for your bank balance too.

The details of how this kind of leasing works aren’t difficult to understand. You’ll start off by letting your property to a local authority instead of choosing a private tenant. From this point, the authorities are going to utilise your property to accommodate their own tenants. They could be working to provide accessible housing for low income, elderly, and disabled people.

So, what you get here is easier access to tenants by building a relationship with the local council. It will be them paying your monthly rent too. That gives you more protection for your income.

Using schemes like this comes with a plethora of benefits. We want to go over some of the main ones here with you to showcase why the leasing is so popular.

A guaranteed income

Firstly, when you sign up you’ll be able to guarantee your income. The council you partner up with will pay you the agreed fee every month. You will know exactly what this is at the start of the leasing. As a result, you can look forward to a smooth cash flow with no risk of losses.

Easy, no hassle tenancies

As for the tenants, the council will see to them. You won’t need to do any work at all. It will be the council’s job to decide who lives in the property, ensuring they are the right fit. They will handle tenancy agreements, vetting, and collecting any rent the tenants will owe in the future. None of this will be your concern or have an impact on your income or costs.

Vacancy concerns answered

Private landlords often have empty buildings. This happens even when they have a contract with tenants. Sometimes a tenant needs to move urgently due to a change in circumstances. Tenancies will also have a natural end point. They are generally a yearly agreement.

Sadly any kind of vacancy is not good for your income and you will lose out. However, you may choose to use the highest quality schemes for private sector leasing Kingston upon Thames has though. If so, this won’t be your concern. Even when the building is vacant, the council will pay you.

At the same time, it is rare to have a no-vacancy situation with these schemes. It is likely the council will be able to place new tenants at any point because they have so many people waiting for housing. As a result, you should never find a case where your property is empty for the long term.

Protection against damages

Something else the schemes have that is beneficial is rules around property damage. It is a concern every landlord will have. There is always a level of trust when you invite someone to live in your property. That is why private landlords tend to put such stock into vetting tenants. Luckily, you have more protection here. The council will take responsibility in the event that their chosen tenants cause any damage or make any alterations. You should never get a repair bill.

Work with the best team for private sector leasing in Kingston upon Thames

Landlords have to make many hard decisions. This includes thinking about the sorts of tenants they want and how involved they want to be. Furthermore, it is a good idea to look at protection against damages and void periods. As you have seen, there are numerous reasons to join a leasing scheme with your council.

If you decide to start using these schemes, Finefair Ltd can aid you in multiple areas. Our company is a local council partner. We have established relationships with authorities all over London. Due to this, we can provide the finest insights into private sector leasing Kingston upon Thames has and more. We also help with setting up.

So, if you would like to know more, feel free to get in touch with us.