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Leasing your Property

News Type 
Date 
Thursday, July 11, 2019
Location 
dlr County
Intro Text 
dlr is seeking to engage with private owners in the area who are interested in leasing properties to the Local Authority. Leasing
your property to the council takes the uncertainty out of being a landlord with the provision of a guaranteed rental income.
There are a number of different arrangements under the leasing initiative.
 
Standard Leasing
If you are a property owner with a vacant house or apartment which complies with private rented dwelling standards, dlr would be interested in hearing from you. By entering into leasing agreements of between 10 and 25 years, a property owner can
benefit from:
  • Guaranteed rent.
  • No tenancy management.
  • No day-to-day maintenance costs.
  • No rent collection, arrears or void periods.
  • No advertising costs and/or tenancy fees.
Enhanced Leasing
Enhanced Long-Term Leasing is similar to Standard Leasing and is available to property owners who can deliver a minimum of 20 units, and also provide the requisite property-maintenance services under the terms of the lease. This can
take the form of recently finished dwellings, vacant homes, or yet-to-be-built residential projects.
 
Repair And Lease Scheme
The Repair And Lease Scheme makes it possible, through loans of up to €40,000, for owners of vacant properties to refurbish them and put them back into use. Having had the cost of necessary repairs met upfront by either the council
or an approved housing body, the owner repays the loan over the term of a lease agreement.
 
Rental Accommodation Scheme
The Rental Accommodation Scheme (RAS) agreements are a shorter alternative to standard Long-Term Leasing. With arrangements that are typically for periods of between 1 and 10 years, the property owner acts as a landlord to the
nominated tenant, must register the tenancy with the RTB, and is responsible for maintenance, repairs and insurance of the property for the duration of the agreement. dlr will subsequently pay the rent on behalf of the tenant.
 
Mortgage-To-Rent Scheme 
The Mortgage-To-Rent (MTR) scheme aims to help owners who are at risk of losing their homes due to mortgage arrears by letting them switch from owning their home to renting as social housing tenants. The MTR scheme is only available to those
eligible for social housing support and whose mortgage is unsustainable. 
 
If you are interested in any of the above initiatives and would like more information you can go to dlrcoco.ie/en/housing/housing-delivery or contact us directly at socialleasing@dlrcoco.ie or 01 205 4391.
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