The Council’s new Rent Top-Up scheme is a great opportunity for landlords. It brings peace of mind and a guaranteed level of income for those renting out properties in the private sector across the city. Similar schemes are already in use by local authorities around the country and it is now being introduced in Coventry as the Council aims to move people out of temporary accommodation and into permanent homes. The scheme will see Coventry City Council meet the shortfall between a tenant’s income or benefit payments and the average rent for properties in the area.
It not only guarantees you, as landlord, the market price for your property, the scheme will also make sure you get the right tenants. We will check a tenant’s history of rent arrears and anti-social behaviour. We will even check the property for free at the start of the rental and guarantee a month’s rent to cover any damages. We will also pay one month’s additional rent.
As a landlord, all you have to do is sign and comply with a 12 month agreement with the tenant, maintain the property to a good standard and keep us up to date with any certificates and other documents we need. There are no fees or admin charges.
The scheme guarantees your rent and helps you manage tenancies – giving you peace of mind, less hassle and more free time. If you tell us the property you have, we will try and find the right people.
We are looking for all sorts of homes in all areas of the city, from single person flats to family homes.
If you are a landlord interested in joining the scheme, please complete our expression of interest form.