Landlords wooed by council pledge of rent guarantees

Thirty properties owned by private landlords have been let thanks to a new rent guarantee scheme run by a Midlands council. 

Let’s Rent Coventry encourages private landlords to provide a tenancy at an affordable price, and matches potential tenants with landlords who have properties to let. 

The scheme was launched in May and landlords can sign up for either 12 or 24 months; they receive a deposit covering up to five weeks rent, as well as the council-backed rent guarantee. 

A spokesman for the council says: “It has many benefits: empty properties are filled; and both the private landlord and tenant have the security of knowing that the council is facilitating the scheme so that the rent is affordable, and the landlord will receive guaranteed rent.”

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