Property Guardianship for Property Owners How-Does It Work
This Property Guardianship for property owners is the best and easy guide to understand. A property guardian is a person who agrees to live in an empty house and pays a low rent. The primary role is to protect and preserve the house, particularly in posh areas of a city or country. Although the main duty of this person is to protect the home, they are not security guards.
There are many reasons why people choose to become property guardians. The main reason is to live in expensive areas of big cities like London. Research shows that the average license fee of a property guardian in London is between £475 and £500 per month. It is lower than the private rental sector.
So, property guardianship refers to an agreement between the homeowner and the guardian. The owners grant an affordable or cheap place in a desirable location in return for house protection and maintenance. People are also given former commercial properties, such as offices, old important buildings, police stations, pubs, etc.
Roles and Responsibilities of a Property Guardian
According to Sell House Fast Group, a professional and reputable company in London that purchase residential properties “as is” and benefits its clients. They do not pay cheap rent but take benefit from the opportunity presented by different vacant houses. Or commercial buildings in central locations of a city, such as London.
Not only do property guardians contribute to the local economy and community. But they also fill empty houses with life and maintain these properties. Remember, maintenance here does not mean carrying out large projects like HVAC repair, painting, and renovations, etc.
Maintenance by a property means taking care of the property. Moreover, it is different from a common tenant and has a licensing agreement. It is granted a flexible, affordable, and shared living space by the property owner.
They will protect the property from squatters, damage, and anti-social behavior. It means both homeowners and guardians receive mutual benefits. Many companies in London offer these services and schemes, protecting buildings. Such as residential properties, pubs, care homes, schools, police stations, theatres, and even office buildings.
Although property guardianship is about living within a shared house or building. Some companies also offer a wide range of properties, from self-contained 1-2 bedroom flats, large studios, or common living.
Advantages of a Property Guardian
There are numerous benefits to this. Property owners benefit from guardians because they protect the house or commercial building from damage, anti-social behavior, and quarters.
However, it also receives benefits in return. For example, they live in affordable houses in their desired locations. Some companies provide high-quality, low-cost, and secure living spaces to workers, creatives, entrepreneurs, and other professionals in their chosen areas. Here are the benefits of this to owners.
Property Guardian – Affordability
This is the primary advantage. Not only does it benefit the guardian, but it also provides many advantages to the homeowner. For example, a renter may ask the property owner to renovate the bathroom or kitchen and paint internal walls. These projects can cost you money.
On the other hand, it pays less and saves between 50% and 60% compared to traditional renting. However, they protect your property and takes care of it.
In addition, they also protect your property from structural damages, mold, mildew, and other environmental threats. They make the space able to of living, meaning the house does not get abandoned.
Property Guardian can save You Money
This is an excellent business model and a perfect solution for vacant property security. Instead of spending thousands of pounds on traditional security measures. Such as security guards, manned patrols, CCTV cameras, security alarms. And boarding up windows, you can allocate your property to a trustable person or company.
Make sure you choose a licensed company with experienced guardians. The company will ensure a carefully examined and well-trained guardian takes care of your property. If you are a commercial property owner, the company can transform it into a comfortable house for its guardians. The company will ensure the guardians move into your property and secure it with their presence 24 hours a day and 7-days a week.
On the other hand, if you are a residential property owner, you can achieve this reliability, efficiently, and quickly. You can save on security expenses, business rates, and vacant property insurance.
Some companies charge guardians a license fee to reside at your property. In return, these become the caretakers of your property. Bear in mind that this is the business side of property guardianship, allowing landlords or homeowners to save thousands of pounds.
Likewise, this is also focused on many other things. For example, it is a perfect solution to housing crises in the UK, contributing to social change. Not only does it encourage economic growth, but it also fosters societies of socially-minded people.
Because the UK has experienced many social and economic challenges. Many property owners have come forward, especially during the Covid-19 pandemic, to allocate their vacant houses. Or commercial buildings to property owners and give back to the community. So, it is a win-win situation for landlords and guardians because both receive financial benefits.
Meaningful Property Use: Property Guardianship for Property Owners
Whether you have a small house or large residential property, sometimes, you can’t use it for its future purposes. So, not using your residential property can make it feel like a waste. However, when you think that your property can benefit others and give back to the community, you can ensure its meaningful use.
Some owners also think of the maintenance required to prevent a vacant property from falling into despair. So, when someone lives in your vacant property, you no longer worry about its condition. Because they breathe new life into your empty home.
That way, you can ensure repurposing of your residential space as shared accommodation for socially responsible people. In addition, safe your house with it means you get free security. At the same time, you have peace of mind that your property is in the safe hands of a thriving community.
Most companies in the UK offer these services to landlords and homeowners. The primary purpose is to profit and save owners some money on security costs. However, not all companies are reliable and cost-effective. Meaning you have to find a professional and licensed company with experienced guardians.
Protection from Squatters
Squatting is a criminal offense in the UK. Although the law does not apply to commercial properties, it still applies to houses in the UK. Bear in mind that squatters who remain in your property can cause significant damage, even if they are in it for a short period.
The UK government has yet to make reforms or changes in the law making to prevent squatters from occupying residential properties. On the other hand, illegal residents now move into commercial buildings to avoid facing criminal charges.
Research shows that building deterioration and maintenance problems, including water damage, can damage a vacant property over time. Therefore, it is crucial to minimize the risk of maintenance problems by save your property from squatters. The best way to do this is by having a property guardian.
Improved Safety: Property Guardianship for Property Owners
This is an excellent solution to make sure the safety and security of your property. These companies in the UK are an effective and economical way to protect a vacant building in the central location of a city, such as London.
These companies follow a thorough and safe approach to carry out the process. For example, A company will carefully place a vetted guardian into your empty property to live in and take care of it.
The purpose is to remove the need for security guards and save money. Bear in mind that they are young individuals from the professional community and seek affordable housing to reduce their monthly costs.
For instance, professionals from different disciplines, such as engineers, doctors, nurses, clerks. And other office workers, seek property guardianship licenses to live in their desired locations and save money.
Before issuing them licenses to live in vacant properties. The company performs a thorough background check on these professionals. In addition, they operate varied shift patterns, meaning your house will have people in and out throughout the day. So, it means your property will stay occupied, safe, and secure. Keep reading!
No Additional Costs: Property Guardianship for Property Owners
You may need to spend some money on your vacant property to streamline things like electricity, gas, and running water. However, this is not always required, meaning there is no extra cost.
Unlike renters who demand many things from their landlords, they do not require a lot of attention and care. For example, if one of the rooms in your house is unsafe for accommodation, they will not use it.
So, they don’t worry about your house condition. You can also decrease insurance premiums because your residential property is no longer vacant. That way, you can save money and decrease the risk of theft.
Likewise, you also protect your property from severe damages, such as water leaks, gas leaks, electric shocks, etc. Even if there are any problems with electricity or running water. They will report it to the company, which will take care of these things instantly.
Moreover, your home occupies by a property guardian will ensure it has proper ventilation and insulation. The purpose is to protect your property from further collapse. Another benefit of a property guardian is that they are professionals and welcome estate agent agents to conduct home viewings at any time.
You can exempt the local council taxes when they occupy your property. That way, you can save money on utility bills, such as electricity and water bills. However, you must pay the utility bills. They will provide you with meter readings regularly to ensure everything goes smoothly.
If you want to use the house yourself or sell it for a higher profit due to good market conditions. You can give the guardian a short time of two weeks. They will vacate the place within two weeks and end the agreement.
Recent reports highlight that high-value property, large residential buildings. And vulnerable houses receive security and financial benefits from these companies. We suggest you to look for a professional company in London.
Property Guardian – Final Words
Property guardians are tenants of a unique or a grade building, such as old houses, pubs, hospitals, schools, theatres, shops, etc. You can think of property guardians as legal squatters. As a landlord, the renter expects you to repair your residential property and perform many maintenance projects.
Likewise, you expect the renter to take care of your house. However, the conflict between a landlord and tenant often leads to legal complications, costing a lot of money and time. On the other hand, if you have a vacant property, you can rent it to property guardians. However, these people won’t pay you the usual rent.
Some guardians think that they don’t pay rent to owners. But a management fee, which is much cheaper than rent in posh areas of London. Vacant buildings cost a lot of money, and owners sell their properties due to the recession.
Therefore, it is an excellent solution for homeowners to keep their properties “alive”. And protect them from damages, theft, and ruin. We believe this is a win-win situation for owners and guardians, especially if they have unused property. In this article property guardianship for property owners, you can easily understand how does it work.
So, if you want to take advantage of all the perks of being a vacant property. It is best to focus on well-vetted guardians. Lastly, you will have lower insurance premiums, save costs on installing 24/7 security guards, avoid CCTV cameras. And alarm system installation, prevent your home’s overall depreciation and protect it from potential squatters.
If you would rather sell your empty property and avoid all the associated costs of getting it ready for rent and keeping the property maintained then Sell House Fast Group can help. We are experts in buying residential and commercial property and have the solutions where other agents struggle, fill in the form on our website here Sell House Fast Group or call us today on 0208 242 4922 for a Free Online Valuation and Cash Offer.