As a landlord, one of the best options you can choose is to work with the local council. It can give you all kinds of benefits, including income guarantees and hands off management. At the same time, you will be helping the authority and local people in the area. If you want to find out more, we can advise you. In fact, we are one of the most knowledgeable providers of private sector leasing Bromley has.

What is it?

A lot of landlords start off by asking what this kind of leasing actually is. It is a little more complex than letting directly to a tenant privately or working with a lettings agent. However, the schemes are not too difficult to understand.

The most important thing to keep in mind here is the council will be your tenant in general terms. As a result, they will be responsible for paying the rental fee every month. This is how you get the guarantee on your income.

While the council will be paying your rent, they will be free to use the home to house tenants who need help accessing housing. This could be low income individuals or families, elderly people, care leavers, or anyone else facing the risk of homelessness or already without a permanent residence.

Local councils across the UK have an obligation to provide social housing. However, they can struggle to meet demand in many areas. It may be a case that they cannot physically build enough homes. Offering schemes where they can work with private owners is a way they can increase the supply.

Look at the advantages

We promote the best private sector leasing Bromley landlords can ask for. There are lots of excellent benefits here. Firstly, as we said, you can guarantee your rent. That means no worrying about non-payments or voids. You can have confidence you will receive the money automatically each month. Sometimes you will even have payments in advance depending on how the council works.

You also get to dramatically reduce your workload. Being a landlord is a lot of work, even if you choose a lettings agent to help. You will still have responsibilities here, including regarding tenancies, property management, and maintenance. If you work with the council you put all of this responsibility in their hands. All you need to do is make sure the property is ready to let initially.

In addition, you get more protection in terms of the condition of the property. The council will be responsible for any damage the tenants may cause. This means you should never be in a situation where you need to cover the costs. Anything beyond reasonable wear and tear the council should pay to fix.

Start private sector leasing in Bromley

Finefair Ltd understands all the advantages you can gain with this type of leasing. We also know how the schemes work and why a relationship with the council is such a good idea. If you want to find out, we would be happy to advise you.

Then, if you want to start a scheme, we can help. We have partnerships with councils across London to make it easier to get on schemes. Setting up can take as little as ten days. We can even provide advice about making sure properties are ready to enter a scheme.

So, speak to us about how you can choose the best private sector leasing Bromley can offer. It can be a great option for most landlords.