Renting my house to the council?

Question

Im thinking of renting my house to the council does anyone know anything about doing this? is it worth it money wise? is the money they give what u ask for or do they give only a percentage? it it a lot of hassle? any help would be appreciated. thanks

No apprently you can rent your house to the actual council they will then use it to house people on their waiting lists. They pay you a monthly rent.

Answer 1

i wouldn't advise it my neighbour rented their house to the council they got little money and the tenants trashed the house and it took AGES to get them out and you are left to clear it up. Maybe she was just unfortunate but the house wasn't a pretty site. if you do i hope everything goes OK. i know every council is different so yours might be different :D

Answer 2

You have to let it to them for "X" numbers of years on a contract. They carry out any work that needs doing, (even if your house is in excellent condition, they will still do work so as not to contravene the health and safety act) They look after it completely for the period of the contract, you cannot have it back until the contract has expired. They pay you a very very small rent, it is in some cases less than 20% of the real rent value.If you could rent it on the open market for £100.00. per week, they will pay you something like £20.00. per week. Obviously it varies from one council area to another. Phone your local council and ask for their "literature" on it. If you know you will not need the house for several years and want it left in good hands, then it would be ideal, because when it is returned to you it will be in excellent order, and you don`t have to worry about not getting the rent, as you might if you let it privately. But the rent from them is very low. I have just read some of the other answers to this, I don`t know which areas the "trashed" houses were in, but the council would have paid for and put right any damage. You can`t get the tenants out, once the council have the house, it is no longer anything to do with you until the end of your contract with the council. It will be returned to you in "A1" condition and with vacant posses ion.

Answer 3

The council have so many people on the waiting list and so few houses ready to lease that they are renting peoples houses in order to put tennants into them. You say what you want for the rent and they pay you . The tennants then pay the council. A very good scheme. At least you know you will get paid for the house.

Answer 4

Ask about the garenteed rent scheme, usually done through a letting agent. They pay market value, guarenteed each month. And its in the contract that they leave the place haw they found it. With this scheme they place people in your flat who are waiting to get their own place (temporary accomodation) so basically if they misbehave at yours then they won't get a council flat, so theoretically all will be well!
I have just done this with mine, despite all the horror stories ( you only ever hear the bad ones!)
Letting it privately, no matter how well the tenants are referenced could leave you with many more problems. With this scheme you will get the rent on time and the property will be back to you as you left it.
You need to ensure there are mains smoke alarms fitted, a fire blanket on a wall, a wall mounted bathroom cabinet! and no purple paint in the bedrooms (apparently this is not acceptable for councils)
Good luck.

Answer 5

Generally a smart move. They may pay less than you think you will get in rent on the open market but they will guarantee the income for several years & to return the property to you in the same condition as when they started plus there are no letting agent or property management fees. So it is a good deal. However not all councils require such properties so it is not guaranteed that you will be able to do this.

Answer 6

confident, it particularly is like this with council tenants everywhere in the country. even whilst the councils be waiting to push in the process the 6% upward push or thereabouts there are often extra hidden rises in service and district heating costs that are no longer concern to even the main tokenistic 'consultations'. the different subject of direction is that the way forward for council housing won't incorporate shelter tenancies, plus of direction the government's tries over the previous couple of years to get tenants to vote for pass to Housing institutions or to establish ALMOs. i'm sorry to hearken to relating to the region of obvious dereliction in York. I lived there as a pupil interior the previous due 60s whilst it substitute into nonetheless a 'genuine' unaffected city for the citizens with 'genuine' user-friendly shops for interior sight human beings even interior the main historic homes. I lower back for a pass to interior the mid 80s and alter into bowled over to locate that it had substitute into plenty greater 'touristy', looking greater rich yet with chi-chi up-industry present and craft shops and eating places, and frequently 'non-shops' everywhere. i assume the recession has had its impact particularly badly on all those agencies.

Answer 7

Be aware of the kind of tenants the Council will put into your house. The only person I know who ever did this ended up with a totally wrecked property.

Answer 8

i`ve never heard of this untill now ,do you mean you are renting to a tennant and the council will pay the rent

Answer 9

it's quite good as the payment is 100% guaranteed.
they will also pay for any damages.

you may need to declare this money though with IR.