Council Lease Agreement

Ms2011

Has anyone availed of the 10 year lease agreement the council sometimes offer, as in they lease your house off you for 10-20 years.
I was thinking of going down this route and would like to here any first hand experiences, good or bad please.

Ms2011

Would really be interested in any experiences entering into a lease like this where the council become the landlord of your house for 10 - 20 years:


Lease Agreement
Term
· 10-20 years
Rent
· Rent is guaranteed and paid monthly in advance and is calculated up to a maximum of 80% of the current open market rent for the property
· Periodic rent reviews
· No rent collection responsibilities
Cost Saving
· No rent loss due to vacant periods
· No rent arrears
· No letting fee
· No advertising costs
· No NPPP charge
· No PRTB tenancy registration charge
· Reduced maintenance costs
Properties Required
· New or existing properties in excellent condition
· 1, 2, 3 and a limited number of 4 bedroom houses and apartments
Tenant Management
· Local authorities responsibility Tenants
Maintenance
· Local authorities responsibility Maintenance
Structural Maintenance
· Property owner’s responsibility Structural
Furnishings
· Not Required Furnishing
Selling your property mid-term
· The property can be sold on condition that the lease agreement is transferred to the new owner
End of Term
· The property will be returned in the same condition as at hand-over, save for fair wear and tear
Documents Required
· BER Cert (to council requirements)
· Tax clearance cert
· Lender’s consent

silja

Never heard of this before, sorry.

shrecc

have you looked into this anymore I'd be very interested, what is the minimum ber requirement?

donalg1

Just ring the Housing Department of your Local Authority and they should be able to give you all the information you need, does seem to be a very good scheme for people stuck with properties they cant sell