As an owner of a property you would be required to enter into a 3 year lease with one of the associations or private companies. They would be responsible to pay the rent to you on a monthly basis and this would be guaranteed regardless of whether or not the property is occupied. 

The way the rent is guaranteed is that the council enters into a sub lease agreement with the association / private company and allocates a tenant to the property.

Smiths residential in partnership with the association / private company will manage the property and the tenants through out the term of the lease. Smiths Residential will inspect the property on your behalf and provide you with a written inspection report and shall ensure that the property is being well maintained by the tenants and the association will also inspect the property approx every three months. 

Benefits to the landlord 

Guaranteed rent for three years with the option to extend for another three years Rent paid monthly
Full property management and maintenance service
Regular inspection
Full management of tenancy issues
Vacant possession of the property at the end of the lease
Property returned in a good state of repair saving general wear and tear
All Utility bills and council tax are the responsibility of the tenants 

Details of the scheme 

Rents 

For details of the specific rent for your property can be obtained from our Barkingside office Tel 020 8551 9933 

Furnishings 

1. Fitted stain free carpets or floor coverings in every room
2. Heavy curtains and net curtains to all windows
3. A gas or electric cooker
4. A fridge
5. Light shades to all light fittings
6. Plumbing for washing machine 

Property Standards 

Before any property can be accepted on to the leasing scheme they must meet minimum standards set by the council. The purpose of these standards is to ensure that the quality and safety of the properties is consistently high. 

Documents required 
1 Gas safety certificate CP12 (no more than 3 months old)
2 Electrical safety certificate- nic/eic 16'" edition periodic inspection
3 Buildings insurance
4 Proof of ownership
5 Three star service contract 

For further information and to arrange an inspection with one of our surveyors telephone or e-mail us today!