Peterborough City Council guarantees rental income

Peterborough City Council

Peterborough City Council guarantees rental income to private landlords and empty home owners

Peterborough City Council set in motion a new scheme that will provide landlords with a guaranteed rental income and a professional property management service.

The council will take the responsibility for maintaining the home and look to move tenants in from its housing register.

The scheme will provide landlords and empty home owners with a number of benefits. It will also help the council with its long-term aim to reduce the number of empty properties in the city, as well as getting people who are most in need into accommodation.

Councillor Peter Hiller, Peterborough City Council’s Cabinet Member for Housing, said:

“Empty homes are a national problem and locally we are making great progress. I am proud of the work we have already done, but we are always looking to do more.

“This latest initiative will provide landlords with a guaranteed rental income for the lease period and a professional property management service. So in short, we take care of several of the hassles associated with being a landlord.

“There are several reasons why homes become empty and stay that way. What is certain is that they can become eyesores, are susceptible to vandalism, and if brought back into use can provide additional temporary homes for households in need. This is why we are fully committed to tackling the issues associated with long-term empty homes.”

The council has already made substantial progress in bringing empty homes back into use. Of the 574 privately-owned properties in the city that have been empty for more than six months, 31 per cent (179 empty homes) were brought back into use last year.

Read more: https://www.peterborough.gov.uk/news/business/private-landlords-and-empty-home-owners-can-now-get-hassle-free-guaranteed-rent-from-council/