Portsmouth City Council is tackling the lack of affordable housing in the city head on by offering to lease properties from landlords at zero cost.
The scheme was developed by the authority's Private Sector Housing Team out of a commitment to working with private landlords in order to provide stable, affordable accommodation and make a real difference to people’s lives.
Provided through the council-run Rent it Right team, the leasing scheme gives private landlords peace of mind and a stress-free experience. In the scheme, a dedicated team of officers will take on responsibility for managing the tenancy whilst landlords can sit back and relax with the assurance of a guaranteed income and free professional support.
Under the terms of the lease the owner permits the authority to sub-let their property to families, couples and single people, knowing the property will be returned in the same condition at the end of the lease (apart from reasonable wear and tear). Unlike other private sector lettings schemes, there are no management fees, sign up fees or hidden charges.
By encouraging private landlords or property owners to lease their properties to Portsmouth City Council the authority can ensure there are homes available for those who need them the most.
There are many benefits to landlords joining the scheme, highlights of which include zero management fees, rent paid quarterly in advance, guaranteed payments and no risk of rent arrears, out of office hours support, and minimum three year term of lease if required.
Portsmouth City Council's Cabinet Member for Housing, Cllr Darren Sanders said:
"People tell the Council all the time they want homes they can afford. Building homes is part of the answer, but takes time when we need to make things better now."
"This scheme helps to do that by offering landlords and potential tenants greater security. For tenants, it's about offering more homes they can afford. For landlords, it's guaranteed rent, longer-term tenancies, upfront payments and a wealth of free support as the legal position changes. There are no management fees, it's not about profit, it's about doing the best for our residents."
"If you're a landlord with a property to let in Portsmouth, or you own an empty home and want us to help you put it back into use please get in touch."
For more information on Rent it Right visit www.rentitright.co.uk