Spelthorne Rent Assure (SRA) is a relatively new guarantee rent scheme for landlords who are interested in renting their local property through the Council. We currently have a high demand for two bedroom properties. The Council guarantees to directly pay landlords the full market rent for their property, for up to two years.
Other benefits include:
If you have any other queries please do not hesitate to contact the Rent Assure team on 01784 448611or by email to firstname.lastname@example.org
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Spelthorne Borough Council guarantees the rent.
The Council will assess the property and compare it with other similar local properties marketed for rental and agree a rent with you.
You will be paid monthly directly into your bank account by BACS within seven days of the contractual rent date.
Spelthorne Rent Assure is a completely free service.
The guarantee lasts for two years or until the end of the tenancy, whichever is earlier.
No we help you to find a tenant, collect and guarantee the rent for you and provide support for the duration of the scheme. You are responsible for the day to day management of the property including inspection, maintenance and repair.
Your tenancy agreement is direct with the tenant. However we provide tenancy advice to landlords and tenants, and we will seek to mediate where either landlord or tenant have concerns. We will make periodic visits to the tenant in the property to provide tenancy support.
You will be provided with a 12 month fixed term Assured Shorthold Tenancy agreement which must be used for the Spelthorne Rent Assure scheme. This will be renewed for a further 12 months after the expiry of the initial Assured Shorthold Tenancy agreement.
We hope that the Spelthorne Rent Assure scheme will enable long term lets. However, the tenancy for the property has a 12 month fixed term after which point both landlord and tenant can end the tenancy by appropriate service of notice. The Rent Guarantee ends when the tenancy ends or after two years (whichever is earlier).
Our rent guarantee agreement is with you as a landlord and it is not transferable to a new owner. If you intend to sell your property you must inform us at least three months' prior to the sale of the property, ensuring you serve the appropriate Section 21 Notice so that we can help the tenants prepare for this.
The Spelthorne Rent Assure rent guarantee and repair bond agreement lasts for up to two years. The landlord and tenant then have the choice of:
After the expiry of the rent guarantee and repair bond agreement the tenant would pay rent directly to the landlord and the repair bond expires.
The tenant is solely responsible for all utility bills.
A property must meet the Decent Homes Standard to be considered a suitable place to live. As a landlord you must make sure the property you own meets the legal minimum requirement for safety, has reasonably modern facilities, is warm and weather proof and is in a reasonable state of repair.
We require that you provide us with a copy of the following:
You would also need to provide a copy of the "How To Rent" booklet directly to the tenant upon placement.
Spelthorne Rent Assure is a scheme for landlords, preferably with two-bedroom homes, to let their properties through the Council.
Monthly rent for the property will be guaranteed and paid by Spelthorne Council in advance, within a maximum of seven days of the rent agreement date, directly into a landlord's bank account. The tenants pay their rent to the Council.
By letting a property through Spelthorne Rent Assure, a landlord is not only guaranteed rental income, but will also give a family who have become homeless through no fault of their own the opportunity to find a home.
Spelthorne Rent Assure is a completely free way of letting properties in the Spelthorne area. The scheme pays full local market rent directly to landlords, monthly in advance and guarantees up to six weeks repair bond for any of loss or damage to the property beyond fair wear and tear.
Before being accepted onto the scheme, a basic property health and safety inspection will be carried out by the Council and, if accepted, a free independent inventory will be commissioned and provided to the landlord at the start of the tenancy.
Property viewings are arranged for prospective tenants who have had training in how to manage their tenancy effectively.
The landlord is under no obligation to accept anyone nominated by the Council.
Periodic tenancy sustainment visits are undertaken by the Council during the course of the tenancy, with feedback provided for landlords. Ongoing support is available to both landlords and tenants throughout the whole tenancy.
If you are a landlord and wish to find a tenant through Spelthorne Rent Assure, please contact us to register your property with the scheme. One of our officers will arrange to meet with you to discuss the scheme and arrange to visit your property to ensure it complies with Health and Safety regulations and minimum property standards.
We will need copies of your current Gas Safety and Energy Performance Certificates, both of which are legal requirements in rental properties. These are essential before we can sign a tenant up your property.
Prospective tenants will then be invited to meet the landlord and view the property. The landlord will choose from the tenants put forward by the Council.
We will then make arrangements for an inventory to be taken of the property so we have a record of the condition of the property before tenants move in.
Arrangements will be made for the Council, tenants and landlord to sign up to the agreements between the landlords, Council and tenant.
When your tenant moves in, we will visit them to check the condition of the property and offer support as required. Periodic visits will be scheduled during the course of the tenancy.
The Council, landlords and tenants must sign up to the scheme to formalise the arrangements through a series of agreements
Copies of these agreements are included in the pack and consist of:
We hope you agree that the scheme we have introduced makes working with Spelthorne Council attractive for landlords. Our scheme is designed to take away risks around regular rental payment with features which will make working with the Council as attractive and straightforward as possible for prospective landlords.
Benefits of this completely free scheme include:
We have many potential tenants waiting for homes. We will arrange for a number of suitable tenants to view your property at a time that is convenient for you. You can then choose your favoured tenant and we will let the tenants know if they have been successful or not.
All tenants proposed will have attended a Council training session covering the key requirements for how to be a good tenant.
To help meet your legal obligations, we will also help you complete your 'Right to Rent' check on your tenant(s).
The tenant will be responsible for paying the Council Tax and utility bills. Meter readings will be taken at the start of the tenancy and included in the inventory.
A cash deposit is not provided with these tenancies. Instead a Rent Guarantee and Repair Bond Agreement is signed between the Landlord and Spelthorne Borough Council. The Repair Bond covers the equivalent of six weeks rent and can be claimed upon when the tenant vacates, if there is damage to the property. After the two year period the repair bond ceases.
We would expect you to:
As a minimum, landlords should provide the basic white goods such as a cooker and washing machine. You will be expected to maintain these items throughout the tenancy.
We will inspect your property before we accept it onto Spelthorne Rent Assure to ensure it meets legal and health and safety standards. If we find you need to carry out some work on your property before you can join the scheme, we will advise you on how to meet the standards.
The property needs to have:
Please contact us immediately if either:
The Council will try to support your tenant and assist in resolving any problems encountered during the tenancy. However, if the tenant chooses not to engage with us we may ask you to bring the tenancy agreement to an end. We will provide support during this process.
Once the property is empty and if you identify any damage to the property beyond fair wear, the council will meet reasonable repair costs up to six weeks rent equivalent, subject to evidence provided.