The thing that makes Finefair Ltd stand out is we show every client that we want the best for you. As part of this we offer a bespoke service to suit your needs. It can include rent guarantees, management, help with lettings, and more. We are also the most knowledgeable team when it comes to the private sector leasing Croydon council offers. This gives you more options for what to do.
Why work with the local council?
We urge all landlords to consider private sector leasing. It can be a fantastic option with lots of impressive benefits. For example, it can protect you from voids, non-paying tenants, and the whole host of jobs that come with property management and private letting. In many cases it can be better for you in terms of costs and your overall profit.
The schemes can differ according to what each local authority needs. Luckily, we can give you the clearest idea of what is involved with the private sector leasing Croydon council offers.
In a basic sense what you do here is have the council itself as your tenant. They will be the one paying you a monthly income for the property. The authority will then decide who will live there. Typically it will be someone from the local area that needs help with housing. For example, it could be a family on a low income or someone with a disability.
Look at all the benefits
You should be able to see some clear advantages with this kind of leasing.
Firstly, you get a guarantee on your rent. There should be no reason at all for the council not to pay you during the scheme. You won’t lose out if there are no tenants or when tenancies end. Even if the people living in the property don’t pay, it won’t have an impact on you. As a result, your cash flow will be consistent.
Secondly, there is a big advantage in terms of access to tenants. Most landlords don’t want their properties to be empty for long periods. This can have a surprising impact on the condition. With private sector leasing it is unlikely to happen because councils usually have long waiting lists and a shortage of properties. So, vacancies are very unlikely.
Thirdly, you have extra protection when it comes to property damage. There is always a risk that a tenant will mistreat or neglect the building. However, the council will take responsibility during the scheme. As a result, you shouldn’t be liable for any repair costs. In fact, the council will generally take on every aspect of managing the property during the scheme.
Ready to start private sector leasing in Croydon?
Finefair Ltd chose to specialise in this kind of leasing because it really can benefit property owners. It secures your income and can save you both time and expenses. In fact, you can typically look forward to guaranteed rent with no bills or commission to pay.
If that wasn’t enough, you also get the benefit of knowing you are helping the council and locals who desperately need accessible housing. It is a fantastic arrangement and great use of your assets.
We are the perfect team to work with here because we already have relationships with local councils across London. As a result, we can give you excellent access to schemes and lots of additional support. This is why we are the best choice for private sector leasing Croydon has.
You can contact us today if you have any questions about how the leasing works, how you get paid, how to get started, and more.
