Finefair Ltd has done all we can to become London’s first choice for many exclusive real estate services. This includes being the best company for private sector Leasing Bexley has. We are always eager to secure properties of an excellent standard for local councils. All sides will benefit here, giving the owner rent guarantees and supplying more homes for the authorities.
What is private sector leasing?
A private sector leasing scheme can be an extremely lucrative opportunity for landlords. It is not difficult to understand how things work. You start off by letting a building to the local council. Then, said authorities use the property to accommodate anyone at risk of becoming homeless. This can include people with disabilities, the elderly, low-income individuals, and even people leaving care.
If you are currently a landlord that is aiming to rent your property out, you are probably thinking why you should join a scheme like this. You will have the opportunity to find a tenant of your own. The truth is that private sector leasing comes with a plethora of advantages.
A guaranteed, consistent income
When you join a scheme, you will gain an income that is guaranteed. The council you are working with shall pay you a set amount every month. Payments will also usually come in advance. Your tenants are only going to be responsible for a small part of the rent, or none of it. They will pay this direct to the council. If they do fail to pay what they do owe, you won’t have to worry. It will be up to the council to take action and collect their rent.
Vacancies and voids
The finest services for private sector leasing Bexley has will come with low vacancy rates as well. You might have a building that stands empty during one, three, five, or seven year lease contracts. If you do, then instead of wasting time doing searches for tenants, you can acquire a guaranteed income. Even if the building is vacant, the council shall pay you.
With that being said, no-vacancy scenarios are not overly common with this kind of leasing. There is usually high demand for council housing, with most councils having long waiting lists. As a result there shouldn’t be any long periods when your property is vacant. Surprisingly this can help to keep it in better conditions as empty homes can suffer wear without anyone taking action. That won’t happen here.
Damage cover
You can expect to receive compensation for damages too. Let’s say you are a private landlord and your tenants damage your walls or the kitchen during their stay. Chasing after them to acquire the money for repairs can be a challenge. You may have a security deposit but will that be enough? When you are part of a private sector leasing scheme though, the council will hold responsibilities for damages. They will have to set them right to return the property to you in the same condition.
Save yourself the work
One other fact about this service is that it has a more hands-off approach. As long as you supply the property, your chosen council shall take care of the management. You won’t have to concern yourself with arranging repairs or carrying out inspections. It can save you a huge amount of money in the long term.
Start private sector leasing in Bexley with Finefair Ltd
Joining a scheme is one of the smartest decisions a landlord can make. This is especially true when you have the expertise of Finefair Ltd to draw upon. We will explain the entire process to you and ensure you understand every detail. More importantly, we are local authority partners so we can help you to build a great relationship with the council.
So, if you are interested in the best private sector leasing Bexley can offer, contact us today to start your journey. You will get the perfect guarantees with us.
