What is a Guaranteed Rent Scheme and Is It Right for You?
November 2, 2024
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TL;DR
The proposed Renters’ Rights Bill is set to reshape student housing. Abolishing fixed‑term ASTs, ending Section 21 evictions, and introducing Ground 4A will hit landlords of HMOs and co‑sharing properties hardest. This blog explores the changes, their impact, and what landlords can do to protect their income.
What’s in This Article:
What’s Changing for Student HMOs
1. Abolition of Fixed‑Term ASTs
- All assured shorthold tenancies will become rolling periodic tenancies.
- This ends guaranteed 10–12 month student contracts aligned to the academic year.
- Students can now leave mid‑term with two months’ notice.
2. No More Section 21 Evictions
- Landlords can no longer use no‑fault evictions.
- Possession must be sought under specific grounds via Section 8.
3. New Ground 4A
Allows repossession of student lets to re‑let for the following academic year, but only if:
- Tenants are full‑time students.
- Written advance notice was provided.
- Possession date is between June and September.
- Not more than six months’ notice is given.
- Clear intention to re‑let to students is demonstrated.
4. Advance Rent Capped
- Landlords can no longer demand multiple months’ rent upfront.
- This creates risk with international students who may lack UK guarantors.
The Impact on Student Landlords
- Void Periods: Without fixed terms, students may leave unexpectedly, creating costly gaps.
- Unpredictable Income: Summer voids are no longer guaranteed to be covered by 12‑month contracts.
- Increased Admin: Strict compliance with Ground 4A notice requirements is essential.
- Financial Risk: Landlords may struggle to budget without fixed academic cycles.
Risks of the New Tenancy Rules
- Loss of stable, academic‑year aligned contracts.
- Tenants leaving mid‑term with two months’ notice.
- Complex repossession process under Ground 4A.
- Potential cashflow gaps in June–September if notices aren’t handled correctly.
- Limited ability to secure large advance payments from international tenants.
Why Some Landlords May Exit the Student Market
Small‑scale and mixed landlords may decide student lets are no longer viable due to:
- Unpredictable income cycles.
- Higher compliance risks.
- Reduced protection from arrears or voids.
This could lead to reduced supply in the student housing market and more pressure on remaining landlords.
How Citywide Housing Helps Landlords Adapt
Citywide Housing’s guaranteed rent scheme gives landlords peace of mind even with the new tenancy laws:
- Consistent Rent: Paid every month, regardless of student departures or voids.
- No Arrears: We cover missed rent payments.
- Full Compliance Support: We handle tenancy processes, notices, and legal requirements.
- Hands‑Off Management: From licensing to tenant issues, we take care of it all.
For landlords facing uncertainty in the student market, guaranteed rent provides stability and predictability.
Why Guaranteed Rent is Perfect for Bradford Property Investors
Bradford is a thriving city with a strong rental market. However, like many areas in the UK, landlords often face the challenges of tenant turnover, property voids, and late payments. By partnering with Citywide Housing, you gain the peace of mind of knowing that you will receive a consistent, hassle-free income.
Bradford also benefits from high demand in areas like Keighley, Shipley, Ilkley, and Baildon, making it an ideal location for guaranteed rent schemes.
How Citywide Housing Group Supports Landlords
At Citywide Housing Group, we specialise in helping landlords secure guaranteed income with long-term leases. Our approach ensures:
Full Property Management: From tenant management to maintenance, we take care of everything so you don’t have to.
Compliance and Legal Support: We ensure that all your properties meet legal requirements and comply with housing standards.
No Hidden Fees: We believe in transparency, with no surprise costs—what we agree on is what you get.
Local Expertise: Our team is familiar with the Bradford housing market, ensuring you get the best returns for your property.
FAQs About Guaranteed Rent for Bradford Landlords
Yes, but only via Ground 4A, and only if strict notice requirements are followed.
You risk void periods unless you’re on a guaranteed rent scheme, which ensures payment regardless.
Yes, making it harder to mitigate risk with international tenants.
Contact us for a free property assessment and see how our guaranteed rent scheme can benefit your Bradford property.
How to Get Started with Citywide Housing Group
The Renters’ Rights Bill will fundamentally change how student HMOs and co‑sharing properties operate. While it increases security for tenants, it raises financial risks for landlords. Guaranteed rent schemes, like those offered by Citywide Housing, give landlords the stability they need to remain profitable in this new environment.
📞 Call 0113 323 0678 or visit citywidehousing.co.uk to discuss your options.
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