Who Funds and Operates the Social Housing?
- This is a UK Government Home Office and local authority funded scheme.
- It is operated by two very well experienced and respected Private Social Housing Organisations.
- The Social Housing needs additional properties every month to meet demand.
What About the Rental Payments?
- No rent payment voids throughout the contract
- Rent paid is comparable to open market rent
- The lease start date and payment date is started as soon as the property refurbishment is complete.
- Rent is paid on 1st of every month
- Social Housing are responsible for paying all utility and council tax bills
What Properties Are Required?
- There is a maximum rent level that they pay depending on the number of rooms in the property.
- The look for 1, 2, 3 and 4 bed properties.
- If the Deal Proposal we send states in a number of places “Suitable for The Social Housing” then we have check and the Social Housing have verified it is suitable.
What Standard of Properties are Required?
- Monthly Operating Expenses are on average 2% of gross monthly rent
- Property inspections are carried out every month by housing officer allocated to the property.
Do I Need A Letting Agent?
- With the level of regulation and compliance required and if you are new to the UK property market then it is highly recommended that a letting agent is required.
- You are allocated a Property Manager from the Letting Agent we recommend for the Social Housing.
- They will keep ensure the landlord, property, compliances, communication and rent payments are always paid on time every month.
What About Repairs?
- Social Housing Plan covers all repairs or damage caused by tenants.
- The owner is responsible for both boiler and plumbing wear and tear repairs.
- Property inspections are carried out every month by housing officer allocated to your property.
What if I want To Take The Property Back from the Social Housing Organisations?
- The property back from the Social Housing Organisations when 2-6 months written notice is given to the Letting Agent and the Social Housing Organisations.
- The Social Housing Organisations will return the property to you in the condition it was handed over in minus fair wear and tear.
Is there Any Catch?
No!
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