Renting a property is often a financial risk. The Council Guarantee Rent Scheme allows people to rent with the peace of mind that they will always be able to pay their rent and maintain their tenancy. The scheme guarantees the tenant’s right to occupy the rented property until the end of the tenancy agreement and provides protection for tenants in certain circumstances where they may lose their home, including on account of their landlord's bankruptcy.
This scheme is available for all private sector and housing association tenants who have a secure tenancy agreement with an assured shorthold.
Find out now if it's the right scheme for you by reading this blog post!
The Council Guarantee Rent Scheme is a way for tenants to have the peace of mind that they will always be able to pay their rent and maintain their tenancy. The scheme guarantees the tenant’s right to occupy the rented property until the end of the tenancy agreement and provides protection for tenants in certain circumstances where they may lose their home, including on account of their landlord's bankruptcy.
The Council Guarantee Rent Scheme is a legal agreement which offers protection for tenants in certain circumstances where they may lose their home, including on account of the landlord's bankruptcy. It is available to all private sector and housing association tenants who have a secure tenancy agreement with an assured shorthold.
The Council Guarantee Rent Scheme offers a number of benefits. The first and most obvious benefit is peace of mind. If your landlord goes bankrupt, you know that you will still be able to pay your rent and maintain your tenancy as long as you're in a guaranteed shorthold. Another major benefit of the scheme is protection against eviction and homelessness. This protection applies if the property is sold on account of bankruptcy, or if landlords fail to comply with their obligations under the tenancy agreement which leads the court to make an order for possession on account of these obligations not being met.
A third benefit is security. The scheme provides security for tenants who are in occupation and have a secure tenancy agreement with an assured shorthold when they may lose their home, such as if their landlord becomes bankrupt. Finally, it offers stability for tenants who are unable to terminate or renew a tenancy agreement at the end of its term due to unforeseen circumstances – such as illness or death - where there is no other way out of the situation than by fraudulently ending their lease early (a criminal offence).
The Council Guarantee Rent Scheme provides protection for tenants in certain circumstances where they may lose their home. If you’re a private sector tenant with an assured shorthold, ask your landlord if they offer the scheme.
If your landlord is a housing association, there's only one kind of tenancy agreement that offers the security of the Guarantee Rent Scheme: a secure tenancy. Find out if your landlord offers this type of tenancy at their website.
Tenants living in the following areas are eligible for the scheme: Croydon, Ealing, Enfield, Kingston-upon-Thames, Merton, Newham and Redbridge.
The council is required by law to offer the scheme to applicants that meet the eligibility criteria. And once approved, the scheme can offer a number of benefits.
Most importantly, it can give you peace of mind that there is a safety net for you and your family if your landlord decides to sell the property or evict you. It can also give you the chance to find another property if your landlord decides to sell their property or if you want to move for any reason.
Once you are eligible for the scheme, contact your local council for more information about how to apply.
