A housing trust says landlords fed up with higher taxes and red tape should not sell up but instead lease their properties to the trust.
Derby-based Derventio Housing Trust provides over 600 single bed spaces across five counties for people recently been homeless. It says it needs more landlords to work with the trust as arrears increase and homelessness grows.
The Derbyshire Times reports that with the Renters’ Reform Bill driving landlords to sell, trust leaders want disenchanted investors to consider a move to the social market instead.
Annabel Flint, procurement manager at Derventio Housing Trust, says the social sector holds fewer risks for private landlords.
She tells the Derbyshire Times: “News of the Renters’ Reform Bill has been met with some trepidation by landlords. Our message is, while we fully support the private rental market and the need for affordable housing in the private sector, for any of those landlords who are considering selling up, the Derventio property leasing scheme may be an attractive alternative option.
“As a registered social landlord, Derventio Housing Trust is exempt from needing Section 21 notices, ASTs or even minimum EPC ratings, so those elements which may be making private rental landlords feel nervous would no longer be a concern.”
In common with some other local authority or housing association leasing schemes, the Derventio scheme offers guaranteed rent for the whole tenancy, low void periods no tenant damage to rectify, no fees, weekly inspections and what it calls “an excellent property management service.”
Flint continues: “I’d like to encourage any landlords with available properties to please give us a call to discuss the benefits of leasing with us. Not only can we offer you rent security and hassle-free property management, but also the benefit of knowing you are providing a home for someone greatly in need of one.
“Soaring cost of living costs, and the aftermath of Covid, have had a serious effect on many people who after falling behind on their rent have found themselves without their home. Anyone’s life can take a turn for the worse and we are here to try and provide homes when people need them. To do that, we would love to hear from any landlords who feel they’d like to lease their properties through us.
“Demand for our services is only growing and the more properties we have available, the more people we can help.”
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Mmm renting via a trust to tenants that owe rent to other landlords.
‘Is exempt from needing Section 21 notices, ASTs or even minimum EPC ratings’
This is how Lloyds and John Lewis will get round the currant laws that we are forced to work to
So the thinks that are pushing us out they are exempt from? Whatever happened to any kind of fairness. If any group of people should get together and scream about the inequality it’s surely us.
A commercial lease between the landlord and Derventio Housing Trust with no doubt a fixed term. Derventio then lets, with the promised new indefinite tenancy, to a homeless individual. I've lost my barge pole so I can't touch it.
It may be that the homeless individual is granted a licence and not a tenancy. I don't know for sure.
Sounds too good to be true. And if they can do it why is it so u fair to us PLLs to do. Wonder what state the property will get into??
The property will be wrecked in days
An important issue is the furniture. If you let fully furnished as I do with washing machine, TV etc. you may be asked to remove everything or, alternatively, gift everything to the tenants.
I don't know the specific details of the Derventio scheme though.
We are seeing more and more what I can only describe as Comedy 🎭 Gold articles 😂😂 Keep em coming.
My advice is take no notice and carry on selling up before they make that illegal as well.
One rule for the corporation and one rule for Private LL all coming out now
Vote Reclaim
This idea must be bad for landlords. I can't see how the trust will manage everything, pay for all maintenance, running costs etc. there must be a catch. If there is no catch the trust would just buy properties instead of leasing which would be cheaper in the long run. Also there is no mention of the rent level the landlord would receive, bet it would be below market value.
Housing Allowance rate I expect
Maybe collective action is needed. Landlords get together and form a so called trust or company similar to JL and comply with what the collective LL trust needs to do so s21, epc upgrade does not apply to us. This can be done either sector or town based, wbatever6suits different LLs.
There’s something in this idea. I hope it may prove to be a possible way forward. A kind of collective of private LL determining a safer structure in which to operate.
We as Lls need to find loopholes. Ie if JL and Derwentio housing trust can get away with all conpliance of ast, s21, epc, then that is the model we need to create for ourselves. Can you imagine, there will a lot
of growth of trust sprouting around UK all run by various LLs. Within the trust, there will need to some model of safeguarding each individual property. Important aspect, where necessary s21 can be used.
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