Landlords back council cash incentive and rent guarantee scheme

Landlords back council cash incentive and rent guarantee scheme


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Some 100 landlords have signed up to offer longer tenancies through a council rent guarantee and cash incentive scheme.

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Milton Keynes council claims that in addition to secure rent, landlords could receive up to £6,680 as a cash incentive if they’re able to offer longer tenancies to local families who had been privately renting before being made homeless

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The scheme is open to all landlords who are able to offer a tenancy lasting between six months and two years. The council is also offering guaranteed rent throughout the duration of the tenancy even if the tenant can’t pay.

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A statement from the Labour controlled authority says the rent guarantee “gives landlords an added layer of reassurance so they don’t need to worry that a tenant might fall into arrears and leave them out of pocket.”

The scheme also offers landlords help from the council to find tenants, the opportunity to receive benefit payments directly, and free HHSRS inspections with the pledge that  “if the property fails, landlords will be supported in bringing it up to the required standard.”

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The cash incentive is paid in addition to any rent in advance or deposit requested.

 

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A council spokesperson says: “We want to work alongside good landlords to get the best deals for our tenants and while ensuring we help people get the most out of these homes. It’s a fantastic deal for everyone involved and we want landlords to get in touch if they’re able to help.”

Tags: Finance

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