Repair and lease

digzy

I’ve a property in a rural town.
The ground floor is let (commercial)
The upstairs is pretty run down. Don’t have the funds to do it up.

Was thinking of going with the ‘repair & lease’ scheme with the local authority.

Just wondering if anyone has any experience with it. Pros and cons....

(I’ve read the terms/conditions so I don’t need any links )

handlemaster

digzy wrote: »

I’ve a property in a rural town.
The ground floor is let (commercial)
The upstairs is pretty run down. Don’t have the funds to do it up.

Was thinking of going with the ‘repair & lease’ scheme with the local authority.

Just wondering if anyone has any experience with it. Pros and cons....

(I’ve read the terms/conditions so I don’t need any links )

can you copy and paste in the terms for this scheme

Graham

handlemaster wrote: »

can you copy and paste in the terms for this scheme

Mod

Please don't.

A link would be more appropriate.

the_syco

handlemaster wrote: »

can you copy and paste in the terms for this scheme

I'm guessing it's something along the lines of;
https://www.housing.gov.ie/sites/default/files/publications/files/repair_leasing_faqs_for_website.pdf
http://www.citizensinformation.ie/en/housing/housing_grants_and_schemes/repair_and_leasing_scheme.html
http://rebuildingireland.ie/repair-and-leasing-scheme/

digzy wrote: »

I’ve a property in a rural town.
The ground floor is let (commercial)
The upstairs is pretty run down. Don’t have the funds to do it up.

Was thinking of going with the ‘repair & lease’ scheme with the local authority.

As the ground floor is being let, I'm unsure if the building would be considered vacant. But if it's multi-unit, and the unit that you want to refurbish has its own fusebox, etc, it could be done.

[url=http://www.citizensinformation.ie/en/housing/housing_grants_and_schemes/repair_and_leasing_scheme.html]citizensinformation.ie[/url] wrote:

The property must have been vacant for at least 12 months before being submitted for the Repair and Leasing Scheme

Also, if it's rural; is there much of a demand for Social Welfare properties there?

Finally, I assume the CC gets the people; if they caused your commercial tenant to leave your premises due to anti-social behaviour, would you be able to get another commercial tenant in easily? Something to consider.

drunkmonkey

Lack of social housing in a lot of rural areas and very low or no planned new builds, i've looked into this scheme and it seem ok if you don't want to put up all the money to renovate. Don't see any real downside at the moment but will be digging a bit deeper into it over the next few weeks.

digzy

the_syco wrote: »

I'm guessing it's something along the lines of;
https://www.housing.gov.ie/sites/default/files/publications/files/repair_leasing_faqs_for_website.pdf
http://www.citizensinformation.ie/en/housing/housing_grants_and_schemes/repair_and_leasing_scheme.html
http://rebuildingireland.ie/repair-and-leasing-scheme/


As the ground floor is being let, I'm unsure if the building would be considered vacant. But if it's multi-unit, and the unit that you want to refurbish has its own fusebox, etc, it could be done.


Also, if it's rural; is there much of a demand for Social Welfare properties there?

Finally, I assume the CC gets the people; if they caused your commercial tenant to leave your premises due to anti-social behaviour, would you be able to get another commercial tenant in easily? Something to consider.

That’s one of my biggest concerns:
One of the positives of the scheme is not dealing with tenants. There’s a certain ‘cohort’ who rent in rural towns. I need to avoid pissing off my commercial tenants and I know the local authority won’t be sending in the nicest of clients!!

However I don’t have the funds to renovate myself.

the_syco

digzy wrote: »

However I don’t have the funds to renovate myself.

Without knowing how badly it is, would you be able to clean it up, remove the garbage, and if it has the basic white goods (cooker, fridge, etc) in the kitchen, let it as "unfurnished"? People with cats, and/or other small pets who have a hard time getting a place may snap it up.

Askthe EA

digzy wrote: »

There’s a certain ‘cohort’ who rent in rural towns. I need to avoid pissing off my commercial tenants and I know the local authority won’t be sending in the nicest of clients!!

Yup, can confirm this by experience!