Landlords are being reminded about a government leasing scheme in Wales.

Leasing Scheme Wales is described by the Welsh Government as “a flexible and secure option for renting out properties.”

Funded by the Welsh Government and delivered locally, the scheme offers landlords the opportunity to lease properties to local councils for between five and 20 years, with guaranteed rental payments throughout the lease period.

Leasing Scheme Wales is designed to increase access to affordable private rentals, provide longer-term security for tenants, and give landlords greater confidence and support.

The scheme also plays a role in the Welsh Government programme to improve housing standards and reduce homelessness.

A statement says: “For landlords, the benefits include guaranteed rent at Local Housing Allowance rates, support with tenant management, and protection through lease agreements covering tenant-related damage (excluding fair wear and tear).”

Financial assistance may also be available, including grants of up to £5,000 to improve property standards or energy efficiency, and up to £25,000 for bringing empty properties back into use. 

Additional retrofit funding may also be accessible.

Pembrokeshire County Council is one such authority encouraging landlords to consider the scheme as a reliable, low-risk way to let their property.

Landlords can express interest via the online form or find out more by contacting the Private Rented Sector team at [email protected]