9:11 AM, 15th July 2021, About 3 weeks ago 4
I am considering renting my London property to an agency that ‘finds secure homes for councils in London, so families can move out of temporary accommodation or avoid becoming homeless.’
They seem to pay LHA (£1067 per month for my one-bedroom flat) rates which are slightly higher than private-sector market rates (£1025 per month) plus an upfront incentive of £1700 for a 24 month AST.
However, rents are not guaranteed as tenants are local authority tenants on housing benefits. Also, from what I can gather local authorities will not pay for any tenant’s damage, so effectively the upfront incentive fee is used to pay for any damage caused at the end of the AST.
Any advice or experience would be warmly welcomed.
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