Tuesday 2nd July 2019

Landlords in Hertsmere praise new incentive scheme

Private landlords have praised a new scheme in Hertsmere, which offers financial incentives and support for those looking to rent out property in the local borough in Hertfordshire.

Since its launch in April, landlords have commented on the Landlords’ Forum how easy the Let with Hertsmere scheme is to use as well as how efficient the team are to work with.

The Landlords’ Forum, which provides an opportunity to meet and network, received a presentation on the Let with Hertsmere scheme last week.

Cllr Jean Heywood, responsible for housing at Hertsmere Borough Council, commented: “Landlords have praised our new scheme and have said how easy it is to use as well as how efficient the team are. Let with Hertsmere provides a financial incentive or a rent deposit scheme, and helps support local people in housing need.”

There are two schemes with a range of incentives.

The council’s ‘Cash Incentive Scheme’ includes a cash incentive on signing up a new tenant and support from the local authority’s team to secure a tenancy.

The council’s ‘Rent Deposit Scheme’ includes two months’ deposit placed in a bond, with the first month’s rent in advance, landlord insurance for two-year tenancies, along with support from the local authority’s team through the life of the tenancy.

Landlord, Sue Gallagher, said: “We were very quickly found tenants and all the financial and suitability checks were carried out for us. We received the payment direct to our bank account in advance and a bond was put in place to protect us financially should the tenants prove to be problematic.

“Since then all rent payments have been paid on time and the tenants have settled in to our property without any problems. Our Let with Hertsmere representative remains accessible and involved in the tenancy should any future problems arise. I am very happy to recommend this service to other landlords."

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