If you’re a property owner with an asset in Westminster, you might want to gain an income from it. You have two options here. Firstly, you can take the path of a private landlord. Or, you can rent a property to the council in Westminster. The second option is the one we excel in. We can explain to landlords and investors why it is the better choice. Continue reading to find out more.
Why is this service worth it?
There are plenty of advantages if you opt to lease a building to the local authority. First, there is less responsibility compared to what there is with a private landlord. These individuals must manage properties and locate tenants. Also, they must make certain properties are habitable and safe. With the council, there isn’t any of this because they will handle everything.
A prime benefit is that you receive protection against voids and tenants not paying rent. We can’t understate how advantageous this is. You won’t experience any losses to cash flows. There will be automated payments each month with no pauses.
With this service, you can also gain excellent savings. It can include management and maintenance, meaning there’s no need to pay extra for them. Moreover, there is no commission to pay.
If this wasn’t enough to convince you, the arrangement works for the local area too. When you rent a property to the council in Westminster, you can give the locals more accessible housing. This supports the local community.
Working with councils
One leading detail that legitimises our services is that we partner with councils all over London. The intent here is to supply the easiest solutions to organise leasing with them. Most authorities have launched schemes dedicated to property owners. We supply access to them and provide ongoing support.
Another helpful fact is that we can share massive amounts of information about renting to councils. We understand how separate schemes operate and what they mean for property owners. Thus, we can offer suggestions, answer questions, and tell you what to expect from the service.
Talk to us about renting a property to the council in Westminster
Guaranteed Rent is a leader in this industry. We go above and beyond to supply the greatest services for each client. That includes local councils as well as landlords. We want them to benefit all sides.
When a client agrees to a service, we can aid them with preparation. There are vital things to do here, like ensuring people can inhabit the property. Also, there are electrical and gas safety checks to do. If you do this work in advance, you can speed things up.
The rapid turnaround is one of the most impressive details here. Usually, it takes under 10 days for everything to fall into place and you to get your first payment. Afterwards, you don’t have to concern yourself with anything for the scheme’s duration. It can be from one year up to five.
Do you want to discover more about why you should rent a property to the council in Westminster? You’re free to contact us to discuss matters further.
