Finefair Ltd works for the best interests of its clients in every situation. This is the reason why we strive to offer the greatest resources for private sector leasing Merton has. Our team can give you information about the options you have, as well as their advantages. In the end, we want you to have peace of mind with everything relating to rental management and income.
How will private sector leasing work?
If you are a landlord, exploring the world of private sector leasing is definitely worth some time. For one thing, the process will be hands-off. Also, it is not hard to understand how things work. You retain ownership but agree to let the council use your property to accommodate tenants of their choice. In return, the local authority will be the one paying you every month.
These are highly beneficial schemes
You may not be certain if this is the right step for you to take. A look at the many benefits could convince you that it is the best option.
Guarantee your income
After you sign up to the top schemes for private sector leasing Merton has, you will get a guaranteed income. The council you are working with will pay you on the same day every month. As a result you will have no risk of non-paying tenants. It can protect your rental income for as long as you are part of the scheme.
Vacancy details
When you are a private landlord, you can have an empty building at times. This occurs even when contracts are drawn up with tenants. Voids can have a massive impact on your income and cash flow. In some cases it can cause serious financial problems. Luckily, there are no concerns about voids and losses here. You will still get a payment every month.
The thing to keep in mind here is vacancies are unlikely when you work with a council. They have a role to provide housing for anyone who struggles to access it. So, they often have lots of people waiting for homes. That means you will rarely see long term empty properties.
Damage assurances
Something else the schemes will have are rules relating to property damage that benefit you. You may find yourself in a situation where the individuals in your property alter parts without telling you. Alternatively, they could cause some damages. You are not going to be liable for the repair bills here. The council will sort things out.
A hands-off service
As we said earlier, these schemes also really help because they take most of the management tasks out of your hands. Initially, your only job will probably be to ensure the buildings are ready to live in. Afterwards, the council will become responsible for most other matters, including tenants and management.
Start private sector leasing in Merton
Landlords need to make several hard decisions. You have to think about the sorts of tenants you want and how much work you can handle. What’s more, you should consider protection against damages and void periods. Plus, you must think about the cost of everything.
There are various reasons to join a leasing scheme with your council. For instance, you won’t need to handle tenants. The council will also take care of most of the management duties. It can save you a lot of time and money.
If you decide to start using these schemes, the team at Finefair Ltd can aid you. We will help to set things up and carry out other duties. As local council partners, we have strong ties to authorities across the capital. Thus, we can provide the finest insights into private sector leasing Merton has. To find out more, please get in touch with us.
