New Opportunities in Long Term Leasing for Landlords
For property owners, there are many benefits to working in partnership with Escombe Housing on long term leasing of property. These include a guaranteed rental income with Escombe managing the relationships with tenants and state agencies.
Information for Property Owners on New Leasing Arrangements for Long Term Housing.
We have developed an information pack for property owners and landlords on the new leasing arrangements for long term housing and are happy to hear from prospective property owners about the services we provide. Please contact Siobhan Ahearne at Escombe to obtain a copy of the pack. Email: siobhan.ahearne@escombe.com Mobile: +353 86 171 8343.
Frequently Asked Questions on New Leasing Arrangements for Long Term Housing
What types of properties are required?
Generally, one, two and three bedroom houses and apartments are required
What if I want my property back before the end of the lease term?
The lease term will be a minimum of 10 years. Break clauses after 10 years can be negotiated as part of the lease agreement
Can I sell the property during the term?
Yes, the property can be sold during the term, under the condition that the lease agreement is transferred to the new owner and Escombe Housing is notified in advance in writing and is in agreement
What happens if the tenant engages in anti-social behaviour?
Escombe Housing will be the landlord to the tenants and will have the responsibility to deal with anti-social behaviour issues
What happens if the tenant damages the property?
The property will be returned to the owner at the end of the term in good repair order and condition, save for normal wear and tear
Escombe Housing will be responsible for internal maintenance and repairs during the term of the lease
How can I find out if my property is suitable and meets the required standard?
You can contact Escombe Housing directly by email or at the number provided to arrange a viewing of the property and discuss any further queries you may have
How is the current market rent decided?
Escombe Housing will discuss the market rent in the area directly with you in the early stages of the process
Escombe Housing will discuss market levels with local authorities who have market knowledge of local rents from their experience operating the rental accommodation scheme. In some cases, they will engage a valuer to determine rents in an area
The rent review mechanism will be set out in the terms of the agreement negotiated by both parties. This will be either by way of market rent valuation or a linkage to the CPI (Consumer Price Index) rental index
Are the lease payments liable for VAT?
Where the property owner chooses to charge VAT on the transaction (lease payment), the negotiated rent/lease payment will be deemed to include VAT at the appropriate rate.