There’s been a new push to get landlords into the Welsh Government’s Leasing Scheme Wales system.
It offers landlords and owners of empty homes the opportunity to lease their properties to the local authority for between five and 20 years.
The scheme provides a guaranteed monthly rental income and a full property management service from the local authority, without the need to pay commission.
This means owners signed up to the scheme will not incur arrears or rental voids and will be guaranteed rental income at the relevant local housing allowance rate.
Additionally, properties may also be eligible for grant funding of up to £25,000 renovations and up to £5,000 for energy efficiency improvements.
Tenants also benefit from the scheme with guaranteed support for the lifetime of their lease.
A Welsh Government spokesperson says:
“We know that empty homes are a wasted resource in our communities and this scheme is a fantastic way of making homes more accessible and affordable.
“I look forward to seeing how property owners and landlords can be supported through the scheme to deliver safe, long term and affordable homes for tenants.”
This article is taken from Landlord Today