Finefair’s number one priority has always been to do the best by its clients. We want you to have an excellent experience with every single service. For this reason, we aim to supply the finest resources for private sector leasing Lambeth has. We can tell you all about the options that are available. At the same time, we can go over the benefits you will receive. As a result, you will be in a position to decide what will be most advantageous to you.

How do things work with private sector leasing?

We always suggest that landlords at least take a little time to explore schemes for private sector leasing. It can show you there are more options if you want a rental income. It is also more hands-off.

To start off, it is a good idea to look at how the schemes work. We have a lot of experience here. Firstly, you will arrange to let your property to the local council instead of directly to a tenant. The council will pay you monthly for as long as you choose to work with them.

What you are doing here is giving the local authority the chance to use your home to house their tenants. They need properties to cater for people in their area that can struggle to access housing. This can include individuals and families with low income, care leavers, and elderly or disabled people.

The schemes will benefit you immensely

Now that you know how private sector leasing in Lambeth works, it is a good idea to look at the benefits. You may be wondering why you should do this if you can obtain a healthy income by acquiring tenants on your own or with a letting agent. Well, the truth is that the leasing can give you an abundance of advantages.

A safe income

Once you sign up for leasing, you will gain a guaranteed income. As we said above, the council you partner with will pay you for letting them use your property. You will get this money every month without fail for as long as the scheme lasts. This is the most efficient way of protecting your cash flow and preventing losses.

How this works is the tenants will be the council’s responsibility. It will be their job to make sure they pay any rent they owe. You won’t need to worry about missing out if they can’t pay for any reason. This is considerably more beneficial than directly dealing with tenants to get the money they owe.

What about vacancies?

Anyone that has been a landlord before will tell you that your property can be empty at times. Sometimes it is just a few days between tenancies but in others it can last a while. These voids can be a big problem because you usually won’t have rent money coming in.

However, by choosing the finest schemes for private sector leasing Lambeth has, it won’t be your problem anymore. Even when there is a vacant home, the council will pay you. It will be up to them to find tenants to move in at any point.

As an added benefit though, no-vacancy situations are rare with these schemes. Most councils in the UK always have a requirement for housing. Many struggle to supply it because it is not easy to just build new homes to order. It can be harder in some areas too if high prices mean more people need the council to help them find homes. Knowing this, if you join a scheme, your property probably won’t be empty for long at all.

Protection from damages

Another thing the schemes will have is rules relating to the condition of the property. These rules will benefit you. Sadly with any kind of letting or leasing there is a risk the tenants could cause damage or make alterations. That isn’t good for you and could result in a repair bill. However, private leasing contracts will protect you from this. Again it puts the responsibility on the council to manage the building and ensure you get it back in the right condition.

Start private sector leasing in Lambeth

Landlords have many difficult choices to make. However, you can avoid many of them with leasing. It can save you from worrying about how to find tenants, how to manage properties, and what to do about voids and damage. Overall you have a much smaller workload and get the assurances on your income.

If you are thinking of joining these schemes, Finefair Ltd can assist you. We will make sure everything is set up properly and much more. As local council partners, we also possess relationships with authorities all over London. Due to this, we can give you the leading insights into private sector leasing Lambeth has.

So, feel free to speak to us if you would like to know more.