Leasing With Golden Care Estates

Of recent years the purchase of property as an investment has increased in popularity to rival the more traditional investment strategies such as pensions and high interest savings. Many people have bought buy to let investment properties in the belief that property is a more lucrative long term investment plan than those mentioned above. Unfortunately for many the experience of owning and managing an investment property has been more problematic than anticipated and the cost of malicious tenant damage together with the uncertainty of late payments, has served to make many landlords particularly cautious about the tenants they put in their properties.

Perhaps you have had bad experiences in the past perhaps you have had to commence court proceedings to effect the eviction of a tenant or had a tenant cost you large sums in repair. If you have managed your own properties in the past you are probably aware of the inconvenience and interruptions to your daily routine that can be caused by tenants calling to demand an immediate repair or to complain about a problem they are experiencing with the property. Most landlords would say yes to a leasing solution that would take the hassle of property management away from them, guarantee on time rent payments for the term of the contract and guarantee to hand the property back at the end of the term in the same condition allowing for reasonable wear and tear. Golden Care Estates can offer you exactly this type of agreement. In this booklet we have provided information about the service we provide and the things you need to know about leasing your property to Golden Care Estates.

Leasing Arrangements

Unlike most other companies offering short term leasing solutions Golden Care Estates does not insist that our Landlords commit themselves to a 3 of 5 year contract, instead Golden Care Estates offer's landlords the freedom to choose a lease term tailored to their individual needs properties are leased under one of the three schemes that we operate. These are as follows:

PSL
Under the Private Sector Leasing Scheme your property will be rented to an individual or family who has been classified as statutorily homeless. These families have often suffered the upheaval of the loss of income from the main breadwinner and have had their own homes repossessed and will only remain in the property for short periods of time, typically 12 months. When the property is vacated it is inspected and cleaned, mattresses and any damaged furniture is replaced as necessary and the property is then offered to the council for re-occupation. Regardless of whether the property is occupied or awaiting new tenants you will continue to receive your monthly rent.

Asylum Seekers Supported and Self contained Accommodation
Under this scheme properties are used to provide housing to those families or individuals seeking asylum in the UK that the Local authority is under an obligation to house. The families will remain in the property until their application to be granted indefinite leave to remain in the UK is decided at which time they will either be asked to leave the UK or placed in more permanent accommodation. As part of the service offered under this scheme the property will be inspected on a twice weekly basis and full inspection reports carried out these will be made available to the landlord upon request.

Leaving Care and Supported Accommodation
Under this scheme private sector properties are used to provide accommodation for young adults who are leaving care and going into semi independent accommodation. The service that we provide for this group of service users depends on the requirements as set out in the support plan that Golden Care Estates develops with Local authorities' social services team. Typically the service will include at least three property visits a week and full and detailed inspection reports, additionally Golden Care Estates undertake to pay all bills arising from the use of the property