Local Authority to Branch out into Lettings and Property Management

06 February 2012 Categories: News

Harrow Council in North London is this week introducing their full property management service for private rental landlords. This comes in addition to their already popular ‘find a tenant’ service which has so far placed over 200 tenants from their council property waiting list into suitable private rental accommodation.

The move comes as the gap between the number of tenants on the social housing waiting list and the number of available properties grows ever bigger, and the service hopes to remedy the problem. Landlords who choose to participate in the scheme can benefit from the council’s tenant-finding service as well as their new property management and inspection services. Landlords are also guaranteed a return on their property…and all for a very reasonable fee.

When asked about the new scheme Bob Currie, councillor and portfolio holder for housing with Harrow Council, said “With major pressure on housing services, the private rented sector has become more important than ever. We are working with landlords in Harrow to create more choice for our residents.”

It isn’t known whether other London Borough Councils will follow suit or whether the scheme will be successful. What is known though is that letting agents, and indeed property management agents, in the area are under pressure to deliver on their promises, because now they have very real competition to content with.