Finefair Ltd puts its clients first in every situation. This has always been how we do things, and it is the cornerstone of our success. For one thing, we aim to provide the leading resources for private sector leasing Lewisham has. Our people can supply you with details on all the available options and the advantages. Ultimately, our desire is to guarantee that everyone has peace of mind with regards to rental management and income.
How does the leasing work?
For landlords, exploring a scheme for private sector leasing can be worth the time. Things will be hands-off at the very least so you won’t have as much work to do.
Also, it is an easy process to wrap your head around. To start off, you let your building to the local authority. In turn, the council will be able to use it to house tenants of their choosing. They have an obligation to help find housing for people without a residence or those at risk of becoming homeless. So, elderly, low-income, and disabled individuals will all benefit here.
As the owner, you get paid for letting the council use your property. It is an easier option than finding tenants yourself or working with an agent. But, if you are still not certain whether this is the right approach to take, knowing more about the advantages of private sector leasing in Lewisham can help.
Guarantee your income
When you sign up to a scheme, you will gain a guaranteed income. The council you are working with will pay you an established amount of money every month. It will be written in the contract and you will receive the payment no matter the tenancy status of the property. This is an ideal way of safeguarding your cash flow and preventing loses.
As for the tenants, they will be looked after by the council. Those individuals living in your building will be council tenants. They will probably only have to pay a small percentage of the rent as well. In certain circumstances, they won’t have to pay at all due to being able to claim financial aid from the council. Whatever the situation, your income is safe even if they don’t pay.
Vacancy concerns
Another benefit of these schemes relates to vacancies. If you have been a landlord for a while, you will know that a property can be empty at times. Your goal is to keep these voids as small as possible. That is better for your income and the condition of the property.
By selecting the finest schemes for private sector leasing Lewisham has, this won’t be your problem. Even when the building is empty, the council will still pay you. It gives you unbeatable income protection.
However, it is rare to have no-vacancy situations when you work with the local authority. There is generally always a requirement for housing. People cannot access it privately when the price is too high in an area and the council can’t always supply enough homes. What you are left with is a significant list of people waiting for the council to house them. If you make the decision to join a scheme, it is not likely that your property will be empty for long.
Protection from damages
Another important thing these schemes have is rules surrounding property damage. They benefit you as the property owner. You can find yourself in a scenario where individuals residing in your property change it without your knowledge or cause damage. The repair bills won’t be your concern here. It will be down to the council to rectify things as they are responsible.
A hands-off service
The last important benefit of these schemes is that they have a hands-off approach. At first, your only job could be to make certain the home is ready for living in. It must meet the council’s standard in terms of size and safety. Generally after this point the council will take care of everything else, including management and maintenance.
Begin private sector leasing in Lewisham
Being a landlord requires you to ask yourself a lot of hard questions. You need to decide what sort of tenants you want and how much work you wish to do. Additionally, you must consider whether you need protection against damages or voids, or a guaranteed income. If you do, private sector leasing with the council is perfect for you.
If you are certain that this sort of scheme suits you, then you should call the Finefair Ltd team. We will aid you with setting things up and other details. We are local council partners with relationships with authorities throughout London. Therefore, we can offer superior insights into the top schemes for private sector leasing Lewisham has.
Feel free to contact us if you need our help. We can give you more info if you need it and provide the best support.
