Fixed Rent Schemes

Northside Properties works with local authorities, and private companies that specialise in residential properties, to lease a property for 1 – 5 years. Some of the local authorities we work with are particularly looking to move their council tenants into the private sector and in some cases will consider a move out of their area.

At the end of the lease the property will be cleaned and redecorated to the same condition as the property was taken in its schedule of condition report at the beginning of the lease.

Types of property that are in demand will depend on the local authority but in general 1, 2 3, 4, and 5 bedroom properties, either as a house or flat, will be considered for this scheme.

The fixed rent scheme does require a decent home standard and well maintained property.

A summary of documents and guidelines for this scheme are as follows:

  1. Documents Required
    Tenancy Agreement. (Typically, 12 Months AST for a council lease)
    Gas Safety Certificate
    EICR Electrical Certificate
    Energy Performance Certificate
    Land Registry Title Deeds (Valid within Last Three Months)
    Landlord Photo ID or Agency Agreement
    BACS Details
    Landlord Self Declaration Form
    PAT Testing Certificate
    Building Insurance
    Mortgage Consent if not Buy to Let
    Boiler and Central Heating Cover (British Gas Homecare or Equivalent)

  2. Property Standards
    If unfurnished minimum fridge freezer and cooker
    Net curtains/new curtains as a minimum
    Working Smoke alarm on each floor
    Carbon Monoxide Detector in close proximity to boiler
    Property must be structurally sound
    Property must be cleaned to a professional standard prior to occupancy
    Gas safety, Electrical safety and EPC certificate must be provided to tenants prior to moving in
     
  3. Landlord Responsibilities
    Give the tenants your name and address/agent
    Provide a signed Tenancy Agreement
    Reasonable notice period of visits
    Give legal notice if they want to evict tenants
    Give the tenant an annual Gas Safety Certificate
    Provide an Energy Performance Certificate
    Insure the Property
    Keep the property in repair and proper working order
     
  4. Tenant Responsibility
    Pay the rent in time
    Give vacant possession at the end of the tenancy
    Internal decoration (subject to the landlord’s permission)
    Not to sublet
    Not to misuse the Premises or cause nuisance
    Report repairs in time
    Not have pets without written permission

info@northsideproperties.co.uk