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Leasing Private Property

The Government has allocated funding for local authorities and approved housing bodies to lease or rent residential properties from private owners. These properties will be used to provide accommodation to people who are currently unable to source suitable properties from their own resources.

Local authorities and approved housing bodies are available to discuss proposals with owners of all types of properties who are interested in making properties available. The Housing Agency is also available as a central contact point for general enquires.

Properties must be of good quality and can be new or previously occupied. Each local authority and approved housing body (AHB) will also assess the suitability of properties proposed with reference to the housing needs that have been identified for that area and its overall compliance with planning and building control.

In return, the local authority or AHB will enter into a legal arrangement with the owner for the use of the property for an agreed term and guarantee rent payments for the term.

Approved Housing Bodies (AHBs)

Approved Housing Bodies, more commonly referred to as ‘housing associations’, ‘voluntary housing associations’ and ‘housing co-operatives’, are independent not for profit organisations that provide rented housing for low income families or for vulnerable people with special needs. These organisations are approved by the Minister for the Environment, Community and Local Government and provide housing management and related services. For more information on approved housing bodies visit www.icsh.ie and www.nabco.ie

There are two options for property owners who are considering making their properties available to The Housing Authority of Sligo County Council

Summary of Leasing and Rental Options - Sligo County Council

 Long-Term Leasing ArrangementShort Term Leasing Arrangement
Term of Arrangement 10-19 years Typically, four to ten years but can be for the duration of the existing tenancy only.
Properties Required
  • New or previously occupied properties in good condition
  • Range of property types required
  • Need will vary across local authority areas
  • New or previously occupied properties in good condition
  • Range of property types required
  • Need will vary across local authority areas
Rent
  • Approximately 80% of open market rent
  • Paid quarterly
  • Payments guaranteed for the lease term
  • No rent loss due to void periods
  • Periodic Rent Reviews
  • No tenant rent collection responsibilities
  • Approximately 92% of open market rent
  • depending on contract type
  • Paid quarterly
  • Payments guaranteed for the term
  • No rent loss due to void periods
  • Periodic Rent Reviews
  • No tenant rent collection responsibilities
Internal Maintenance Local Authority’s Responsibility Property Owner’s Responsibility
Structural Maintenance Local Authority’s/Approved Housing Body’s Responsibility Property Owner’s Responsibility –landlord/tenant relationship exists between property owner and tenant
Advantages
  • No vacancy periods
  • No rent arrears
  • No letting fees
  • No advertising costs
  • No day-to-day maintenance responsibilities
  • PRTB tenancy registration charge not applicable
  • No vacancy periods – depending on contract type
  • No rent arrears
  • No letting fees
  • No advertising costs
End of Term Local Authority returns property in good repair order and condition, save for fair wear and tear. Property Owner retains ongoing maintenance responsibility for the property as normal.
Opportunity for Property Owners to Lease / Rent Residential Properties - 125 kbs  PDF