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I was looking this scheme but seems impossible to get property insurance when entering a long term lease arrangement with the council. Can you tell me who quotes on this?I recently bought a 3 bed semi with a sitting tenant which the local council pays the rent .I paid 140k cash and with stamp duty ,solicitors and some decorating will end up at E146k .The tenant and council are interested in continuing the lease but under the market rent it seems .similar houses are renting for E900 plus /month.Genuine tenant who takes good care of house and I just don't have interest or time for decorating ,putting on market looking for new tenant .The council are offering E720 ,could I try and get a better price off them to tell you the truth I would be happy at E750/month but am I being a fool for settling for such small rent but the tenant seems A1
How active a landlord do you want to be. A rent it and forget about it approach has a lot to recommend it.I recently bought a 3 bed semi with a sitting tenant which the local council pays the rent .I paid 140k cash and with stamp duty ,solicitors and some decorating will end up at E146k .The tenant and council are interested in continuing the lease but under the market rent it seems .similar houses are renting for E900 plus /month.Genuine tenant who takes good care of house and I just don't have interest or time for decorating ,putting on market looking for new tenant .The council are offering E720 ,could I try and get a better price off them to tell you the truth I would be happy at E750/month but am I being a fool for settling for such small rent but the tenant seems A1
I recently bought a 3 bed semi with a sitting tenant which the local council pays the rent .I paid 140k cash and with stamp duty ,solicitors and some decorating will end up at E146k .The tenant and council are interested in continuing the lease but under the market rent it seems .similar houses are renting for E900 plus /month.Genuine tenant who takes good care of house and I just don't have interest or time for decorating ,putting on market looking for new tenant .The council are offering E720 ,could I try and get a better price off them to tell you the truth I would be happy at E750/month but am I being a fool for settling for such small rent but the tenant seems A1
I was looking this scheme but seems impossible to get property insurance when entering a long term lease arrangement with the council. Can you tell me who quotes on this?
it doesnt work well at all with apartments as the management company can indeed follow the apartment owner if the council stick a troublemaker in the property and the council stick troublemakers in more often than notI was just reading this on boards about council leases.
Management company threatening to sue landlord for tenants anti-social behaviour
I posted a good while ago about a friend who had let their apartment to the council and had a problem tenant in it and the council wouldnt do anything.www.boards.ie
It looks like things arent so rosey when the council picks a bad tenant. I know someone personally this happened to too who was on an LTL to the council.
I have rung Galway, Limerick and Kildare County councils all of whom have outlined that they are not interested in taking on any properties on their lease scheme at present. Funny that, I thought there was a housing shortage...
I can confirm this is true , they have suspended the long term lease schemes, you can still apply under the " repair and lease scheme "I have rung Galway, Limerick and Kildare County councils all of whom have outlined that they are not interested in taking on any properties on their lease scheme at present. Funny that, I thought there was a housing shortage...
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