Let's Rent Coventry

Background 

Let’s Rent Coventry is a new rent guarantee scheme for Coventry, launched on 18 May 2020, in collaboration with private landlords across the city. It matches people who are homeless, or at risk of homelessness, with landlords who have properties to let.

We offer guaranteed rent and other benefits to private sector landlords who want to work with the Council by providing tenancies in order to alleviate homelessness in the city. This includes a payment of up to 5 weeks rent as a deposit.

Information for landlords

  • Let’s rent is a completely free service 
  • We will guarantee rent payments up to the Local Housing Allowance (LHA) rate for the period of the tenancy (up to 2 years)
  • We will make a bonus one off payment of an additional months rent at the end of each successful year
  • The property can be either furnished or unfurnished, but it must have up to date safety features and certificates
  • The council will vet tenants to ensure they are suitable (including immigration status, housing history and benefit status), and arrange viewings of the property  
  • Following the viewings, the landlord has the option to choose their preferred tenant  
  • You can use a lettings agency to manage your property – however you must make this clear to prospective tenants as they may incur additional charges as a result   

Local Housing Allowance (LHA) Rates

In order to qualify for the scheme, the Council requires that properties are let to households referred by us at up to – the Local Housing Allowance rates. The rates below are effective from 1 April 2020.  It should be noted that the rates below have been increased by the Government due to the COVID-19 pandemic and may be subject to change.

 

Local Housing Allowance (LHA) Rates (weekly rate)

Number of bedrooms  

Weekly Rate 

Shared accommodation

£77.50

£112.77 

£132.33 

£155.34 

£201.37 

 

Local Housing Allowance (LHA) Rates (calendar monthly equivalent)

Number of bedrooms  

Calendar Monthly Equivalent 

Shared accommodation

£336.76

£490.01 

£575.01 

£674.99 

£875.00 

 

If you are interested in Let's Rent, please contact [email protected].

You can also download our printable Let's Rent leaflet.

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