The Private Sector Leasing Team works in partnership with Managing Agents, who are either housing associations or private managing agents, to provide a leasing scheme that benefits both private landlords and tenants.
As an owner of a property you would be required to enter into a three year lease with one of our partner Managing Agents. They would pay the rent to you on a monthly basis, and this is guaranteed regardless of whether or not the property is occupied.
The way the rent can be guaranteed is that the Council then enters into a sub lease agreement with the Managing Agent and allocates a tenant to the property.
The Managing Agent is responsible for managing the property and the tenants throughout the term of the lease. They are required to inspect the property at least once every two months.
Benefits to you, the Landlord
- A three year lease contract, with the possible option of renewing for another three years
- Guaranteed rent for the term of the lease regardless of whether there is a tenant in your property or not
- Your rent paid monthly
- A full property management and maintenance service with regular inspections
- Full management of tenancy issues
- Vacant possession of the property at the end of the lease
Need more information?
If you would like more information please contact us on 020 8496 5521, or you can email your queries to the Private Sector Leasing Team at privatesector.housing@walthamforest.gov.uk.
