Details here of a new RAS scheme apparently designed with landlords in mind.
Rent is guaranteed and can be up to market rent. It is paid even if the property is vacant. Both of these are attractive.
But there are some issues - the local council picks the tenant and the landlord manages the property as in a normal tenancy. So, even though the landlord hasn't chosen the tenant, he is still responsible if the tenant engages in anti-social behaviour, for example. Once you sign up, presumably you've no say over who your tenant is.
The term is 8 years. How does that fit in with the 6 year/unlimited tenancy cycles. If you are a small landlord, is it really 8 years? If you are a large landlord are you in reality signing up to the permanent tenancy and one possibly to the tenant's children as well. Did they miss that bit when they came up with 8 years.
Rent is guaranteed and can be up to market rent. It is paid even if the property is vacant. Both of these are attractive.
But there are some issues - the local council picks the tenant and the landlord manages the property as in a normal tenancy. So, even though the landlord hasn't chosen the tenant, he is still responsible if the tenant engages in anti-social behaviour, for example. Once you sign up, presumably you've no say over who your tenant is.
The term is 8 years. How does that fit in with the 6 year/unlimited tenancy cycles. If you are a small landlord, is it really 8 years? If you are a large landlord are you in reality signing up to the permanent tenancy and one possibly to the tenant's children as well. Did they miss that bit when they came up with 8 years.