Chelmsford Council looks to attract landlords with guaranteed rent
A local council has moved to try and attract more buy-to-let landlords with a new scheme, aimed at boosting levels of housing supply and meeting tenant demand.
Chelmsford City Council plans to host a number of events to promote its Homes2Lease scheme, the first of which will take place on Friday 23rd September.
Homes2Lease
The benefits of the Homes2Lease scheme include:
- guaranteed rental income paid directly to the City Council
- no management fees or commission
- 3% annual rent increase
- full tenancy management service
- up to £1,000 for repairs
Chelmsford Council looks to attract landlords with guaranteed rent
Councillor Paul Hutchinson, Chelmsford City Council’s cabinet member for strategic housing, noted: ‘the last few years has seen a rapid growth in the demand for housing in Chelmsford and this had had an effect on the affordability of housing for residents of Chelmsford.’[1]
‘To meet the growing need for good quality accommodation, Chelmsford City Council is looking to grow our portfolio of properties that we manage working in partnership with private landlords.’[1]
The first Homes2Lease event takes place on the 23rd September at 10am to 12pm in the Council Chamber at the Civic Centre, Duke Street, Chelmsford.
Further events are planned on Wednesday 28th September from 6:30pm-8pm and Monday 3rd October from 2pm-4pm, again in the Council Chamber.
[1] https://www.landlordtoday.co.uk/breaking-news/2016/9/council-aims-to-entice-landlords-with-guaranteed-rent-income