One of the things that make Finefair Ltd such a great partner for landlords is we can give them a wide choice of services. For example, we can help with managing any kind of home. This can include properties in blocks and large estates. We also have a lot of experience with different types of lettings, including private and public. In fact, we are one of the top sources of advice about letting to councils Haringey has.
How is it an option?
A lot of property owners are not aware that they have an alternative to letting privately. However, many councils in London and across the UK are looking for properties. They need them to provide accommodation for people on their waiting lists. Working with landlords is one of the best options they have available here.
What happens when you work with a council is you let them take responsibility for finding tenants and managing both the tenancy and the property. That is a big weight off your shoulders. The property will remain yours; there is no sale to the council. When the scheme ends you can decide to take the home back or agree another lease. It gives you more choice in the future.
What are the benefits of letting to councils in Haringey?
As we said above, this kind of arrangement can mean there is less work for the property owner to do. However, that is not the only benefit here. There are several others that make it a really good option.
The most important advantage here is the council will guarantee the rent. They will be responsible for paying it, rather than it coming directly from the tenant. Your agreement with the local authority will state the exact amount you will receive each month for letting them use the property. There should be no reason you don’t receive it for the whole duration of the scheme. That provides more stability for you.
By handing over the property to the council you also get assurances on tenancies. Many private landlords worry about voids, those periods where they can’t find tenants and properties are vacant. There is no issue with them if you choose council letting. The local authority will have access to more tenants so they can get a faster turnaround on finding people. They will also still pay your rent even if they have a delay in placing a tenant.
Letting to the council can also be a more cost effective option. If you let privately you may have to pay for a licence. You also have responsibility for the maintenance of the property and the cost you incur because of it. Work with a local authority and you avoid the costs.
Talk to us about schemes
Finefair Ltd knows how tough it can be for landlords to decide what to do with their assets. Our goal is to give them as much information as we can so they can make a decision that works for them. We also provide ongoing support and advice.
In terms of letting to councils, Haringey landlords have nobody better to ask than us. We work to build the best relationships with clients. In fact, we have several that have been with us for many, many years.
So, if you have any questions for us, please get in touch.