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The Homeless Properties How It Works |
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The cost of a property being empty is high. If it is furnished, landlords are liable for Council Tax, insurers often withdraw cover if it remains empty for 90 days or more. Landlords still have to pay their monthly mortgage, whether the rent is received or not.
A property is less likely to be left empty by a tenant in social need, there is nowhere else for them to go. Landlords get levels of occupancy approaching 95% to 100% and rents provide reasonable yields too.