At Finefair Ltd we understand how valuable the right resources can be, especially to landlords. We want to give you access to some of the very best ones. As part of this, we can look at things like leases with the local council. It can offer a full selection of fantastic benefits. If you have any interest in this, you can ask us about the options for private sector leasing Haringey offers and more.
What is it?
A lot of landlords don’t know that they have options other than doing it themselves or with a letting agent. However, there is a valid and viable alternative with private sector leasing. What you do here is agree to enter into a scheme with the local council. They will technically be your tenant and will pay you monthly rent like you would expect with any kind of tenancy.
What the council will do is choose tenants from their list of people waiting for social housing. They will place them in your property. It will then be the council’s responsibility to ensure they pay whatever percentage of the rent they will owe.
This kind of scheme is really great for the council. It gives them more properties to use so they can house people in the area who need help finding housing. This can include elderly people, low income individuals or families, care leavers, and people with disabilities.
How does it benefit you?
As the property owner you get some really excellent benefits from choosing the best private sector leasing Haringey can offer. We want to go over a couple of the main ones here so you can see why it is such a good option for you.
Safe, stable income
The biggest risk to a landlord is not finding tenants or having people who don’t pay their rent. Both can ruin your cash flow. Private sector leasing means you never need to worry about this ever again. The scheme will ensure you get payments every month from the council you are working with. As a result, it gives you a set income you can rely on.
Extra property protection
Another risk when you are a landlord is that the people living in the property will damage or alter it. Sadly in some cases people do treat rental properties poorly. There can even be intentional vandalism at times. If you are a private landlord you can have some protection with a security deposit, but you may still end up with big repair bills.
With private sector leasing you get wonderful extra protection. While there is still a risk, you have the council to vet and place tenants. In addition, your agreement with them should include terms to protect you against damages that are beyond wear and tear. It could save you from bills.
Saving your time
Finally, these schemes are excellent in terms of the amount of time you save. Almost everything will go over to the council, including finding tenants and management. It can mean you don’t need to dedicate much time at all to your assets.
Speak to us about private sector leasing in Haringey
Finefair Ltd is a long serving expert with a great deal of experience in London. We know how the market works, what landlords can expect, and more. In addition, we have hands on experience with property investment and managing assets. With all of our knowledge, we can safely say that working with the local councils is a very good choice.
So, if you want to find out more about the private sector leasing Haringey offers, speak to us. We can give you lots of advice, compare options, and support you going forward.
