NCH offers leasing option to property owners
Property owners in the city are guaranteed a monthly rental return under a new housing leasing scheme for Nottingham.
UK Landlord of the Year Nottingham City Homes, will lease properties from property owners for an agreed period of one to five years, and will fully manage them, from letting through to delivering repairs and gas servicing.
NCH will also furnish leased properties, and will indemnify landlords against damage, returning properties in the same condition as at the start of the lease, subject to fair wear and tear. All leases include a break clause at the end of year one, and annual rent increases will be set in line with inflation. .
“This takes all the stress of property management out of owners’ hands, and guarantees them an income whether their property is let or not,” says NCH Chief Executive Nick Murphy. “We’re keen to bring empty homes back into use – ideally, we’re looking to lease family-type self-contained accommodation which has at least two bedrooms.
“We’ll let the homes to local families in housing need, who will benefit from having a proper home rather than living in B&Bs or hostels.
“We want to create more places for families to call home, and we believe this is a way of doing that whilst at the same time creating a no hassle and no risk solution for property owners. We’re keen to hear from property owners who think they would benefit from this scheme.”
Anyone who would like to receive further information or apply to the scheme can go to www.nottinghamcityhomes.org.uk/psl or email leasing@nottinghamcityhomes.org.uk.
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