When you join a private sector leasing scheme, you'll receive guaranteed income. The council you associate with will pay you a fixed sum of money every month, and it'll often pay it in advance.

The tenants will only be responsible for a small portion of the rent if any at all.

If your tenants fail to pay their part, there's no need to worry. When letting property to a local authority they will provide compensation.

Is your building standing empty during the one-, three-, five-, or seven-year contract you signed? Instead of wasting time searching for tenants, you can get a guaranteed income. Your council will pay you even if your house is vacant.

However, no-vacancy situations are pretty rare. There's always a need for this kind of housing, so you'll have no trouble setting up a contract.

You'll also get free advertising when you join this scheme. The council will do all this arduous work for you.



As a result, you can save on marketing costs and put some money back into your pocket.

As long as you provide the required furnishings for your home, the council you choose will handle the property management. You won't have to worry about performing inspections or arranging for repairs.

As the owner, you'll only need to manage general maintenance and repairs for wear and tear.

Suppose your tenants back into a closed garage or bang up your building's walls when moving furniture. Chasing after tenants to pay for these damages can be a nightmare.

When you join a private sector leasing scheme, the council becomes responsible for damages caused by tenants.

Joining this type of scheme is like heaven on Earth for landlords. You won't have to deal with tenants, and most of the “management” work will fall outside your scope.