A housing trust suggests that landlords, frustrated with increased taxes and bureaucratic hurdles, should opt to lease their properties to the trust instead of selling them. Derventio Housing Trust, based in Derby, offers over 600 single bed spaces in five counties to support people who have recently experienced homelessness. As arrears rise and homelessness becomes more prevalent, the trust seeks additional landlords to collaborate with. In response to the impact of the Renters’ Reform Bill driving landlords to sell, the trust’s leaders encourage disillusioned investors to explore the social market as an alternative option.
Annabel Flint, the procurement manager at Derventio Housing Trust, highlights that the social sector presents fewer risks for private landlords. She emphasizes to the Derbyshire Times that the Renters’ Reform Bill has raised some concerns among landlords. However, the trust’s message is clear: while supporting the private rental market and the importance of affordable housing in that sector, for landlords contemplating selling their properties, the Derventio property leasing scheme offers an appealing alternative option.
As a registered social landlord, Derventio Housing Trust is not subject to requirements such as Section 21 notices, Assured Shorthold Tenancies (ASTs), or minimum Energy Performance Certificate (EPC) ratings. Thus, elements that may be causing anxiety among private rental landlords are not a concern within this leasing scheme.
Similar to other local authority or housing association leasing schemes, the Derventio scheme guarantees rent for the entire tenancy, minimizes void periods, eliminates tenant damages that need rectification, and does not charge any fees. The scheme also offers weekly inspections and prides itself on providing excellent property management services.
Flint encourages landlords with available properties to contact them to explore the benefits of leasing with Derventio. The trust offers rent security and hassle-free property management while also providing the satisfaction of offering a home to someone in great need.
With the rising cost of living and the impact of Covid, many individuals have struggled to keep up with rent payments, leading to homelessness. Derventio aims to provide homes for those in need and welcomes landlords who wish to lease their properties through their scheme to contribute to this vital cause.
As the demand for our services continues to rise, having more available properties enables us to extend our assistance to a greater number of people in need.
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