Thursday 27 October 2016

Councils want to lure private landlords with new rent plans


dick brady
dick brady

Dublin City and county councils have made a fresh appeal to private landlords to consider letting their property to local authorities in return for attractive rewards.

Landlords and "potential landlords" with properties in Dublin are being encouraged by the four main local authorities to rent under a range of beneficial schemes.

One attractive element of the deal is that landlords will be offered guaranteed rents of up to 92pc of the normal market value.


As part of the schemes available, landlords can deal directly with the council instead of the tenant, which is a policy aimed at encouraging them to rent to lower income families.

The scheme comes at a time when it has become increasingly difficult for low income people to find accommodation.

In recent times many landlords have flat out refused to accommodate people on rent supplement schemes.

Under the new campaign, Dublin City Council, South Dublin County Council, Fingal and Dun Laoghaire Rathdown are offering three schemes.

The first is the well-known Rental Accommodation Scheme (RAS), which requires landlords to sign up with the council for a minimum of four years.

Landlords can also avail of taking on tenants under this scheme for a period of 20 years.

Under the RAS scheme the council finds the tenant, collects the rent and will guarantee the landlord no loss of revenue even if the property is made vacant for a time.

Landlords who are seeking a longer commitment can seek a leasing agreement with councils, where the relationship between tenant and landlord is minimal.

Under this longer scheme the landlord has no obligation with the tenant and is not responsible for any maintenance.

The rental period for this plan is a minimum of 10 to 20 years and the rent is slightly lower than that of the scheme.

The third scheme is the Housing Assistance Payment (HAP), a one-year contract where the landlord is still paid directly by the council but can select tenants and agree their rent.

In this scheme the landlord is directly responsible for the maintenance of the property.


Dick Brady, assistant chief executive Dublin City Council, said that the council's new campaign to attract landlords was aimed at helping them to "maximise income".

"These schemes are aimed at landlords and potential landlords who want guaranteed rental income over either a short or extended time period," he said.

"In all cases, we are offering guaranteed income.

"We will inspect the property promptly and landlords could be paid from that initial inspection," he said.

An information evening for interested landlords will be held in June with further details to be announced.

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