Finefair Ltd works hard to deliver flexible and cost efficient solutions to all clients with every service. We can offer you the top services for private sector leasing Greenwich has. What we do is ensure you have information about the options you can choose. Moreover, we can discuss the benefits with you. In the end, our goal is to ensure you are as comfortable as possible working as a landlord.

Does private sector leasing work a certain way?

For every landlord, private sector leasing is something that is at least worth thinking about. It is a hands-off arrangement that is not complicated. Things start off with you letting your building to the local authority. Next, they will make use of the building to accommodate tenants of their choosing. Normally, they concentrate on people without a home or ones at risk of becoming homeless. It can include disabled, elderly, and low-income individuals as well as families.

If you don’t know if this is the right path for you, having a little more information may help.

These are highly beneficial schemes

There is a high chance you are a landlord that is aiming to take on tenants to increase your income. If you are, you might be curious as to what these schemes can help you with. It is certainly not impossible for you to find your own tenants. The fact however is that private sector leasing has much to offer you.

A guaranteed income

When you sign up to these schemes, you will secure yourself a guaranteed income. Your council shall pay you a specific amount of cash monthly. Furthermore, they can pay in advance. This is a leading way for landlords to protect their funds and prevent losses.

As for the tenants, the council will take care of matters. The individuals that end up in your building are going to be council tenants. They are probably only going to have to pay a small contribution to the rent. If the circumstances are right, they could pay nothing at all. Whatever the case, it is not going to impact you. This is far better than directly dealing with tenants and the risk of not getting paid at any point.

Vacancy concerns

With private landlords, they can often have empty buildings, even if they arrange a tenant contract. The voids can result in lost money. When you choose the finest services for private sector leasing Greenwich has however, this won’t concern you. Even when there is a vacant property, the council will pay you.

Knowing this though, with the schemes no-vacancy situations are rare. Someone is always going to require housing. Councils won’t always have properties available too, leaving people in temporary accommodation. People also can’t buy housing if the price is too great. What you have in the end is a lot of individuals on council waiting lists. When you decide to join a scheme, there is a low chance of your property being empty for very long.

Damage assurances

Another detail these schemes have is rules for property damage. They benefit you too. You could have people in your property that cause damages. If any repair bills appear, you won’t have to sort them out; that will be the council’s job.

A hands-off scheme

One of the best things about this sort of arrangement has to be that it is really hands-off. At first, your only job will likely be ensuring your property is safe to live in. After you are done, the council becomes responsible for most other jobs. Chances are that you will only have to attend to some general maintenance or wear and tear repairs.

Begin private sector leasing in Greenwich

Landlords have many important details to think about. They need to decide how much work they want to do and what kinds of tenants they desire. In addition, they could need protection against damages and voids. You will find plenty of reasons to join a leasing scheme. For instance, management won’t be your responsibility and you won’t have to locate tenants.

If you decide to join, the Finefair Ltd team can help you with various details. Our business is a local council partner possessing relationships with councils all over London. This allows us to offer the best insights into private sector leasing Greenwich has. So let us know if you wish to learn more.