0:03 AM, 8th October 2024, About A year ago 9
Text Size
Categories:
The Welsh Government is promoting its ‘Leasing Scheme Wales’ which offers landlords and owners of empty homes the chance to lease their properties to a local council for a guaranteed rental income.
The scheme provides a ‘hassle-free’ solution for property owners looking to generate income without the usual stresses of managing tenants, the government claims.
Under the scheme, landlords can lease their properties for between five and 20 years, receiving a guaranteed monthly rental income at the relevant local housing allowance rate.
The council will also provide a full property management service.
The government says the scheme means that landlords will not have to worry about rental arrears, voids or paying agent commission.
Jayne Bryant, the cabinet secretary for housing and local government, said: “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.”
In addition to guaranteed income, property owners may also be eligible for grant funding of up to £25,000 for renovations and up to £5,000 for energy efficiency improvements.
Tenants also benefit from the scheme, as they are guaranteed support for the lifetime of their tenancy and offers peace of mind.
It will also, the government says, help ensure that the property is well-maintained.
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
Government urged to prevent rent arrears - not let them growNext Article
One in 10 PRS tenants struggling with rent
Cider Drinker
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since December 2023 - Comments: 1539
8:42 AM, 8th October 2024, About A year ago
Government introduces stress and then offers to take the stress away. How very kind.
Sounds like a protection racket.
Roger
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since March 2019 - Comments: 7
10:15 AM, 8th October 2024, About A year ago
Is this the Welsh version of Rent-to-Rent (R2R)?
Reluctant Landlord
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since September 2018 - Comments: 3443 - Articles: 5
10:54 AM, 8th October 2024, About A year ago
It will also, the government says, help ensure that the property is well-maintained.
hahahahah! They can’t look after their own rented stock properly as it is!
“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.”
What do they think the PRS does already? Be default we deliver safe long term homes for tenants. We do so at market rate because it is the PRIVATE sector.
If a council wants to provide what they deem ‘affordable’ homes, they be our guest and build them/supply them yourself.
Dylan Morris
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since August 2016 - Comments: 1190
12:13 PM, 8th October 2024, About A year ago
And your tenants will be single fighting age males that the RNLI have taxied across the channel.
Paul Essex
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since June 2019 - Comments: 716
12:40 PM, 8th October 2024, About A year ago
Help ensure with maintenance? Sounds like force landlords to do it with threats of fines.
moneymanager
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since February 2018 - Comments: 627
13:34 PM, 8th October 2024, About A year ago
‘The government says the scheme means that landlords will not have to worry about rental arrears, voids or paying agent commission.’
Given the ‘see through’ of landlord responsibility of R2R, how is this even legal, mire concerningly, is thus an attempt to get control of sub EPC C properties and then either get an exemption or force costs onto the landlord,?
Grumpy Doug
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since January 2016 - Comments: 230
15:20 PM, 8th October 2024, About A year ago
Any landlords considering this should take 10 mins to read this first:
https://www.property118.com/serco-contract-was-a-train-wreck/
Cider Drinker
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since December 2023 - Comments: 1539
15:34 PM, 8th October 2024, About A year ago
I won’t be taking in any new tenants. As tenants leave, I’ll sell up. This will continue until the playing field is levelled.
If ever I was to take on new tenants, it tenants that I choose that have well-respected and long term local families.
But I’d still probably just sell up. More foreign holidays beckon.
GlanACC
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since March 2023 - Comments: 1486
20:29 PM, 8th October 2024, About A year ago
There is no such thing as hassle free. Its like kicking the can down the road, you just forestall the hassle