What we need
We are looking for good quality properties – mainly studio apartments or one bedroom flats – to lease. In some circumstances, where we have a specific need, we will consider two and three bedroom houses. On occasion, we may require much larger properties that meet HMO standards.
We will also happily work with you or your developer to provide a specification for conversion works to a property or for new build projects. Where properties are being developed or converted for our use, we will offer an agreement to lease. This provides security to you as a landlord or developer that once all works are completed and certification provided you will have an agreed and guaranteed rental income.
Property condition and certification
Properties must be in a good standard of repair, meet decent homes standards as a minimum requirement and meet the following relevant and legal requirements:
- Adequate fire safety alarm systems
- Up-to-date gas safety certificate (where applicable)
- EICR certificate for electrical wiring
- EPC performance rating of D or above
As part of our requirements Nacro also requires landlords to provide an asbestos survey (applicable only for property built or converted prior to 2000) and an up-to-date legionella risk assessment for the property.
Repairs and maintenance
Our terms require that landlords will retain responsibility for day-to-day repairs to the structure and internal parts of the building along with any heating and electrical supply. By way of guarantee Nacro will carry out repairs and make good any damage directly caused as a result of a tenant’s behaviour at our own expense.
What we offer
We pay you the monthly lease charge in advance regardless of whether the property is occupied. We usually lease properties for up to three years at a time which means you can relax knowing that you will have a guaranteed steady rental income.
We take responsibility for sourcing prospective tenants and carrying out the necessary checks on them, as well as ensuring the appropriate behaviour of the tenant throughout the tenancy. We carry out regular visits to each property and complete a full Health and Safety inspection on a monthly basis.
Nacro will take responsibility for the day-to-day management of the tenancy, including paying the council tax and utility bills and inspecting and reporting any repairs, so you don’t have to worry about unpaid bills or repairs going unnoticed.
Property returned in a good condition
We promise to return your property to you in the same condition as when you signed the lease agreement (excluding reasonable wear and tear).