So You Want to Become a Royal Landlord? Renting Your House to the Council in London
Ever fancied yourself as a benevolent overlord, dispensing shelter to the good people of London? Well, you might not get a crown, but renting your house to the council can be a noble pursuit (and a steady income stream). But before you start practicing your best “Right Ho, Jeeves” impression, the burning question is: how much will the council actually cough up?
The Great Rent Mystery: Unraveling the Formula
Unfortunately, there's no magic number pulled from a bowler hat. The council's rent depends on a few key factors, like:
- Location, Location, Location: Just like buying a house, posh areas in London will command a higher rent from the council than, say, next door to a pie and mash shop (although that does have its charm).
- Size Matters (But Not Too Much): They're not looking to house the entire royal family, but a decent-sized gaff is ideal. Too many bedrooms and the rent might shrink faster than a politician's promise.
- The Not-So-Secret Society of Local Housing Allowance (LHA): This mysterious group sets the maximum amount the council can pay based on property type and area. Think of it as the council's rent guideline.
So, How Do You Actually Find Out?
Don't worry, you don't need a decoder ring to crack this code. Here's your roadmap to rent revelation:
- Hit the Books (Well, Websites): The government website (https://www.gov.uk/guidance/local-housing-allowance) has a nifty little tool that lets you peep the LHA rates for your postcode.
- Council Cahoots: Contact your local council's housing department. They can give you the lowdown on their specific schemes and what type of properties they're after.
Bonus Tip: While you're chatting with the council, ask about any benefits they offer landlords. Some councils might throw in free rent guarantee schemes or even a welcome basket of tea and biscuits (though probably not the royal kind).
FAQ: Your Burning Council-Renting Questions Answered
- How do I become a landlord for the council? Most councils have schemes for private landlords. Get in touch with your local council's housing department to find out how to apply.
- What kind of properties are they looking for? It varies, but generally, they need decent-sized houses or flats in good condition.
- Do I have to do any repairs? This depends on the council's scheme. Some might require the property to be up to a certain standard before they rent it.
- Is it a good idea to rent to the council? There are pros and cons. It can provide a guaranteed income and good tenants, but the rent might be lower than the private market.
- Can I evict a council tenant? Yes, but the process is stricter than with private tenants. It's always best to check with the council beforehand.
Remember, renting to the council can be a win-win. You provide much-needed housing, and they give you a reliable income stream. Just don't expect corgis and ceremonial guards as tenants (although, a corgi might be a good talking point with the neighbours).
