A London council has launched its own letting agency in a
bid to lower the cost of private sector housing. Hackney’s not-for-profit
agency will invite landlords to hand responsibility of their properties to the
council, which will then rent them out. In return they will guarantee rent even
if the property is empty and a regular supply of longer-term tenants. Initially
the scheme will target people who do not qualify for housing benefit but
struggle to pay private sector rents.
The scheme will not charge agency fees to tenants. Read more on the
Evening Standard website.
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