What is a Guaranteed Rent Scheme and Is It Right for You?
November 2, 2024
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TL;DR
The Renters Rights Act 2025 brings significant changes to the compliance landscape for HMO landlords in Bradford, Leeds, and Manchester. From stricter licensing requirements to new tenant protections, this blog explains the key changes and how Citywide Housing’s guaranteed rent scheme ensures your properties remain compliant while you receive consistent income.
What’s in This Article:
- Key Changes in HMO Compliance Under the Renters’ Rights Act
- What Landlords Need to Do to Stay Compliant
- How Citywide Housing Supports HMO Landlords with Compliance
- FAQs
- Next Steps for HMO Landlords
Key Changes in HMO Compliance Under the Renters Rights Act
The Renters’ Rights Act introduces a series of new compliance measures that HMO landlords must be aware of. Here are the key changes:
1. HMO Licensing Changes
Expanded definition of HMOs: More properties, especially smaller HMOs, will now require licensing.
Local authorities will be enforcing stricter HMO regulations, ensuring that properties meet minimum safety and living standards.
2. Health & Safety Regulations
Fire safety measures will become even stricter. Landlords must carry out regular fire risk assessments and ensure that properties have working smoke alarms, fire doors, and emergency exits.
Electrical safety inspections and gas safety checks will remain mandatory.
3. Tenant Protections
End of Section 21 evictions means landlords cannot simply evict tenants without cause. The eviction process will require landlords to provide valid Section 8 grounds such as rent arrears or property damage.
Increased protections for tenants also mean landlords must be proactive in maintaining properties to prevent issues like damp, mould, and disrepair.
What Landlords Need to Do to Stay Compliant
To ensure full compliance with the Renters Rights Act, HMO landlords in Bradford, Leeds, and Manchester must take the following steps:
Review HMO Licensing Requirements: Ensure your properties meet local licensing requirements. If your property requires a license, make sure it is updated regularly.
Conduct Fire Risk Assessments: Carry out fire safety assessments and install necessary safety features such as fire doors, smoke detectors, and emergency lighting.
Ensure Regular Safety Inspections: Stay up-to-date with gas safety certificates, electrical safety inspections, and energy performance certificates (EPC).
Update Tenancy Agreements: Reflect new eviction rules and rent increase guidelines in your tenancy agreements.
Prepare for Rent Control: Plan ahead for future rent increases, knowing you will be limited to once per year, and that tenants have the right to challenge increases.
Example
A landlord in Leeds with a 5-bedroom HMO must ensure their property is licensed, the fire safety standards are met, and gas/electrical checks are up to date. They should also update their tenancy agreements to reflect the new eviction rules and the cap on rent increases.
How Citywide Housing Supports HMO Landlords with Compliance
Citywide Housing can help HMO landlords stay fully compliant under the Renters Rights Act with our Guaranteed Rent Scheme. Here’s how:
- HMO Licensing: We handle the licensing process for your property and ensure it meets local standards.
- Fire Safety & Health Checks: We manage all fire safety assessments, gas, and electrical inspections to ensure your property meets all safety standards.
- Eviction Management: With our guaranteed rent scheme, you don’t need to worry about tenant disputes or evictions.
- No Tenant Issues: We handle all tenant interactions, ensuring that you never have to worry about tenant complaints, arrears, or compliance issues.
- Long-Term Leases: 3–5 year leases with guaranteed rent ensure that your income is stable and predictable.
By leasing your property to Citywide Housing, you’re guaranteed to meet all compliance requirements while enjoying hassle-free property management.
How Our Guaranteed Rent Scheme Works
Step 1: Get in Touch
Contact us today by phone or complete our online form to schedule a free, no-obligation property consultation.
Step 2: Property Assessment
We’ll visit your property to assess its condition, provide recommendations for any necessary improvements, and ensure it meets all required standards.
Step 3: Compliance & Handover
We manage the entire compliance process, carry out any necessary repairs, and arrange for an inventory check before officially handing over the property.
Step 4: Consistent Rent Begins
Once everything is in place, we take care of the property management, and you’ll start receiving consistent rent every month.
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
Our leases typically last between 3 to 5 years, offering landlords long-term stability.
Even if your property is vacant, you will still receive guaranteed rent payments.
Yes, you can sell your property at any time, but your guaranteed rent payments will continue until the end of the lease agreement.
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
If you’re ready to secure fixed, reliable income with no voids or arrears, it’s time to join the growing number of landlords in Bradford benefiting from guaranteed rent schemes.
Contact Citywide Housing Group today to schedule your free property assessment and discover how we can help you unlock the potential of your property.
For more information, visit Citywide Housing or call us at 0113 323 0678.
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