Repair and Leasing Scheme (RLS): Who Qualifies and What You Get
Learn how owners of vacant properties can receive funding for necessary repairs in exchange for a long-term lease to local authorities.
This scheme provides owners of vacant properties with the funding needed to carry out repairs in exchange for a long-term lease to the local authority.
Who it's for
This scheme is designed for owners of vacant properties who are willing to lease their property to the local council.
What you get
If you qualify, you will receive upfront funding to cover the costs of essential repairs to your property. In return, you enter into a long-term lease agreement.
What it costs you
While you receive funding for repairs, the trade-off is a commitment to lease your property for a set period, typically ranging from 5 to 20 years.
The catch to know
Not all vacant buildings are eligible. The property must be deemed suitable for social housing needs before it can be included in the scheme.
How to apply
- Contact your local authority to express interest in the scheme.
- Arrange a property inspection to determine suitability and repair needs.
- Review the proposed lease terms and funding amounts.
- Follow the formal application process provided by your local council.