Applicanted Sourced Housing(ASH)

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nbc

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I have a property to let and a chap ha sviewed it and wants to know if I would be interested in leasing it on a long term basis(4-20 yrs). He pasy the council a nominal amount and the council pay me. Is it similar to RAS? What do people think?
NBC
 
ash

Apparantly i can sign a short term lease and the council pay me 92% of market rent and I have to maintain property and contents or a long term lease(10 yrs plus) and they pay 80% rent but maintain the property completely. Also in the latter option there is no requirement to pay the E200 second home tax.
So in a case where a property rents for 1100 a month I would lose out on 220 a month which is E2640 in a year. Is it worth it for the convenience if I pick the longer lease?
nbc
 
Guaranteed rental income for ten years plus. Would you still be covered even the 220 dedcution each month? If so, I'd jump at that chance.
 
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