Fareham Borough Council has launched a new and improved private rental scheme aimed at landlords who need tenants. FareLets offers three different services; Tenant Find, Managed Lease and Full Management. Each of the services offer guaranteed rent, so landlords have the peace of mind that their rental income will be protected. The tenants provided by the Council are households in urgent housing need, but are always reference checked prior to placement in a private property.
The 3 levels of service:
This is the basic, entry level service and is free to landlords. The Council will identify a suitable tenant for the property, put up a bond equivalent to one month's rent in lieu of a deposit and provide a rent guarantee for the first 12 months. The landlord then takes full responsibility for the management of the tenancy.
The Council takes on the lease of a landlord's property for between 12 months and 3 years and then sub-lets directly to tenants in housing need. This service costs £300 on first registration of the lease. The Council manages the tenancy, arranges repairs and provides a gas safety certificate, an electrical certificate and a carbon monoxide detector. The rent is guaranteed and paid to the landlord on the 1st of every month.
A similar service to that provided by a high street letting agent with a charge of 8% of the monthly rental income + VAT. Along with full tenancy management, the Council provides a gas safety certificate, an electrical certificate and a carbon monoxide detector. Repairs up to the value of £150 per year will also be paid for by the scheme. The Council will put up a bond equivalent to one month's rent in lieu of a deposit and provide a rent guarantee for the first 12 months.
Executive member for Health and Housing, Cllr Brian Bayford, said: "The FareLets scheme provides landlords with a safe, secure option for letting their properties. As a local authority, our services are transparent and fully accountable and staff are professional, experienced and trustworthy. I would encourage any landlords looking for reliable and fair service to consider using the FareLets scheme."
If you would like an information pack or would like to discuss any of the schemes, please contact the Accommodation Officer on 01329 824649 or e-mail firstname.lastname@example.org
For further information contact:
Lorna Tipper, PR and Marketing Officer, Tel: 01329 824302
fax: 01329 550576, e-mail: email@example.com
This and previous media releases can be viewed on the Council's website: www.fareham.gov.uk/pressreleases
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