Landlords rent to homeless

A charity in London is working with private residential landlords to provide rental property for the homeless.

Real Lettings sub-lets private landlords rental properties currently in 16 different boroughs in London.

Howard Sinclair, chief executive of Broadway, the charity behind Real Lettings, says: "From the landlord's point of view it can be a great deal. They get to lease their property for three to five years, get a guaranteed rent, and get their property back in the same condition they let it."

TVs property man Phil Spencer argues the case to landlords by saying about the scheme "But apart from the social good done by this scheme the key message is for landlords that this is a viable option, particularly if you have had your fingers burnt in the past by a tenant who refuses to pay or causes damage. OK, you get less rent, but the hassle is taken away. It's like renting out to a big private corporate client with all the guarantees in place. It can make real sense if you want a hassle-free rental. The only thing to bear in mind is that you won't want to sell the property during the duration of the agreement."

To find out more read this article in the Guardian or this one in the Independent

Free property management software, Free tenancy agreements