Guaranteed Rent Scheme Tower Hamlets

Our guaranteed rent scheme will see you renting your property to City Borough Housing. We become your tenant, and pay your monthly rent for the duration of our agreement which could be anything between three and seven years. If during this time there are any periods where there is no tenant in place, or the tenant is defaulting on their rent, you will still get paid every month.

We rent your property through our longstanding network of registered housing providers and local authorities across the London Borough of Tower Hamlets. We manage and cover the cost of everything, including maintenance, repairs and day-to-day tenant queries. We’ll also carry out quarterly property inspections at no extra charge, giving us the chance to ensure your property is being taken good care of by the tenants.

When the agreement concludes, we’ll return your property to you in the same condition it was at the start of our agreement, less fair wear and tear.

With City Borough Housing’s guaranteed rent scheme, Tower Hamlets landlords can take a hands-off role with their buy-to-let investment. For a minimum of three years, there will be no need to handle tenant queries, manage or pay for everyday maintenance and repair requests, chase rental payments, or meet the costs of void periods.

For as long as our agreement lasts, we will cover all everyday repairs as reported by the tenants, or identified during our quarterly property inspections.

This will include things like tripped electrics, leaks, broken locks and general maintenance. Outdoor repairs, however, are not part of the deal. So anything to do with roofing, fencing or exterior walls, for example, will remain your responsibility.

All our Tower Hamlets landlords receive a fair rental value based on property type, size and location.

Whilst this may not be full market value, the fact that our guaranteed rent scheme includes free professional property management, and that it also covers the costs of everyday repairs and maintenance, quarterly property inspections and returning the property in its pre-let condition at the end of the agreement, means you will find it exceptional value.

We are seeking properties from private residential landlords and developers. Mostly we will take on self-contained 1-4 bedroomed homes, although we do have a need for other types of properties from time to time.

Once we’ve issued your rental valuation, we’ll inspect your property to check whether there’s anything that needs attending to so that it’s safe and habitable.

We’ll also ask you to supply a range of compliance documents, for example an Energy Performance Certificate (EPC), a Landlord Gas Safety Record (LGSR), and an Electrical Installation Condition Report (EICR). Other documents may also be needed. If they are, we’ll let you know.

Once the property inspection is complete and everything has been finalised in terms of safety and compliance, we can then agree terms and get the Tower Hamlets guaranteed rent agreement signed. This can take as little as 48 hours.