Luton landlords wanted for council’s guaranteed rent scheme

Luton Borough Council is appealing for landlords to sign up to its guaranteed rent scheme.

It say the scheme guarantees the rent will be paid for 52 weeks of the year – even when their home is empty.

The private sector leasing scheme is aimed at providing suitable housing for households while they seek settled accommodation.

The council is now calling for more landlords to come forward for the scheme and is looking for all types of family-sized properties from two bedroom homes upwards.

Rent is guaranteed as it’s the council that signs the lease as the named tenant and landlords get the added benefit of regular property inspections and checks.

Cllr Tom Shaw, portfolio holder for housing at Luton borough council, said: “This scheme offer landlords peace of mind by guaranteeing them income regardless of whether the property is occupied or not. They will also no longer have to worry about common stresses many landlords face such as rent arrears, defaulting tenants, evictions or court fees.

“By getting more private landlords to add their properties to this scheme, we can tackle homelessness by offering greater choice and more suitable accommodation for families most in need. It also reduces our reliance on bed and breakfast accommodation to temporarily house the most vulnerable of families.”

The properties are fully managed by council-approved letting agents. Any property within a 25-mile radius of Luton is considered. The scheme is subject to terms and conditions.

Any landlord interested in joining the scheme, or just wants more information, should contact one of the council’s contracted letting agents directly. They are listed on the council’s website.

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