Thursday, 22 April 2010

Fancy Becoming A Property Guardian?

The property-guardian concept may have originated from Europe, but this property letting process is quickly picking up steam across the UK property market, following revelations of its low rental costs.

From castles to convents, for as little as £15 a week, it is possible for property owners to live in a 78 acre country house in Devon and pay only a quarter of the going market rates a month. All property owners need to do is simply protect the vacant property; report repairs/faults and notify the insurance company of any suspicious activity.

And it would seem that many property owners are becoming increasingly attracted by this prospect, despite having to sometimes babysit a warehouse or a church…

How does it work?


By simply inserting a property owner into the building, security companies can save as much as a tenth of the cost of using traditional security options. But this is not all…

Through utilising property guardians, security companies can also escape having to notify the council of a change-of-use and continue paying empty property rates – giving them great value for money!

All it takes to qualify for this position is that you must be over 21, in employment, have no pets and live alone (couples can apply but must be taken on as guardians in their own right). Fit that bill, and you can confidently become a property guardian and live in a variety of different property investments, including:

  • Churches
  • Convents
  • Schools
  • Observatories
  • Fire stations
  • Pubs
  • Country houses
  • Castles

Speaking on this scheme, security director Mr Cosnett explains that to become a property guardian it is essential that property owners are flexible in terms of being able to adapt to quirky surroundings and move on short notice.

Rather than offer property owners an assured shorthold tenancy agreement; guardians are given a property licence similar to those used by hall of residences, which means they can be asked to move with only 2 weeks notice (although they are usually re-housed into another vacant property).

Original Article

More About the Author

Image of Fraser StirlingFraser StirlingProperty Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more

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