Property guardianships have become a popular way of renting in London due to the high cost of living and the housing crisis. However, this type of accommodation comes with many hitches and horror stories. In this article, the reader will get an in-depth look at what property guardianships are and what it’s like to live in one. The article will also provide practical tips for those who are interested in becoming a property guardian and will include a list of reliable options.
Through thorough research, the article aims to provide a clearer view of property guardianships. By the end of the article, the reader will be able to make an informed decision on whether or not this type of accommodation is worth living in. Whether the reader is a house hunter or simply curious about property guardianships, this article will provide valuable insights.
- 1 What Are Property Guardianships?
- 2 Why Choose to Live in a Guardian Property?
- 3 What is it Like to Live in One?
- 4 The Horror Stories
- 5 What Companies Offer Guardianship Services?
- 6 Practical Tips for Property Guardianships
- Property guardianships are a popular way of renting in London due to the high cost of living and the housing crisis.
- This type of accommodation comes with many hitches and horror stories, but the article will provide practical tips and reliable options for those who are interested in becoming a property guardian.
- By the end of the article, the reader will have a clearer view of what property guardianships are and what it’s like to live in one.
What Are Property Guardianships?
Property guardianships are a type of rental accommodation that offer low-cost living options in exchange for the tenants’ agreement to protect and maintain the property. To prevent vandalism or squatting, property owners lease their empty spaces to property guardianship companies, which then sublet the space to tenants.
The property guardianship company provides basic amenities such as running water and electricity and divides the space into individual rooms for each tenant. In return, the tenants act as guardians, responsible for keeping the property safe and secure from squatters.
Property guardianships can be established in any type of empty building, including houses, office blocks, and even hospitals. According to government estimates from last year, there are approximately 7,000 people living in property guardianships in London alone.
Living in a property guardianship can offer a unique and affordable living experience for those willing to take on the responsibilities of being a guardian. However, it is important to carefully consider the terms and conditions of the lease agreement before committing to this type of rental arrangement.
Why Choose to Live in a Guardian Property?
Guardianships offer an attractive option for individuals seeking affordable accommodation in London. The primary reason people opt for guardianships is the significantly lower rent prices, which can be as much as 50% lower than regular rental properties in London. Additionally, some guardianships do not require tenants to pay council tax, and bills may be included, further reducing costs.
While the lower costs are appealing, guardianships come with a significant trade-off. Tenants must be willing to forgo the stability of a permanent home, as guardianship companies reserve the right to evict tenants with as little as a month’s notice. This lack of stability is the most significant disadvantage of living in a guardianship.
Furthermore, guardianships are typically communal, meaning tenants must share bathrooms, showers, and kitchens. This communal aspect may not appeal to everyone, as it involves living with strangers who may not be compatible or like-minded. It is important to note that there have been some horror stories about guardianships, so it is essential to research and choose a reputable company.
In summary, guardianships offer an affordable option for individuals seeking accommodation in London. However, potential tenants must be willing to forgo the stability of a permanent home and be comfortable with communal living. It is crucial to research and choose a reputable company to avoid any potential issues.
What is it Like to Live in One?
Living in a guardianship can be a great decision for some, but it’s not without its downsides. One of the main drawbacks is the communal kitchen. With so many people sharing one space, it’s easy for things to get messy. While there are cleaners that come in a couple of times a week to do the communal spaces, people can get lazy when it comes to wiping down surfaces and keeping things tidy.
Another potential downside is the short-term eviction period. While rumors of kick-out dates are always circulating, no one really knows for sure when the space will be reclaimed by the owners. However, some guardianship residents are not too worried about this as the rumors are often wrong.
It’s important to note that not everyone is suited to living in a guardianship. While it may be a solution for some, it’s not a fix for the housing crisis. None of the people that the writer has met in the guardianship would be without housing if they didn’t live there.
Overall, while there are some downsides to living in a guardianship, it can be a great option for those looking for affordable housing in a creative community.
The Horror Stories
Living in a guardianship can be a nightmare if you end up with an unreliable company. Horror stories abound on the internet about guardianships that are riddled with problems. Some of the most common issues include short notice kick-outs, drug addicts living in the property, and a lack of maintenance leading to mould growth. To avoid these issues, it is essential to choose a trustworthy company. However, determining which companies are reliable can be challenging. It is crucial to do your research and read reviews before committing to a guardianship.
What Companies Offer Guardianship Services?
PGPL, or Property Guardianship Protection Limited, is a company that offers guardianship services in London. They prioritize the safety of their guardians and ensure that all their buildings have CCTV installed. In addition, they conduct background checks for certain buildings to provide an extra layer of security. PGPL’s rental fees are bundled with bills, making it easier for guardians to manage their finances.
Live-In Guardians has been providing reliable accommodation since 2010. They have over 50 buildings in Zone 1, giving guardians a wide range of options to choose from. With over 55,000 applications, Live-In Guardians has proven to be a trustworthy company that is not out to rip off its clients.
The LOWE Group
The LOWE Group is a highly regarded guardianship company in the UK. They have been featured on television for their work in providing affordable housing to those who cannot afford the high rents in big cities. The company’s focus on positive social impact sets them apart from others in the industry.
Overall, these three companies offer reliable guardianship services in London. While they may have different approaches, they all prioritize the safety and well-being of their guardians.
Practical Tips for Property Guardianships
Renting a property as a property guardian can be a unique and cost-effective way of living. However, it is important to keep in mind that it may not be suitable for everyone. Here are some practical tips to help you make the most out of your property guardianship experience:
Choose a reputable company or research thoroughly before signing a contract. Going with someone you can trust is crucial to avoid ending up in a bad situation.
If possible, opt for a guardianship where you already know someone. This can ensure that you can trust the company you are renting from. Some companies may even require a recommendation from the inside.
Be patient as the waiting list for these places can be long, especially with rising rents.
Consider whether this type of living suits your lifestyle. Living with strangers means you may encounter varying standards of hygiene and may need to adjust your own habits accordingly.
Think carefully about your ability to adapt to a changing living situation. Being a property guardian may require you to move at short notice, so ensure you are ready for this possibility.
By keeping these practical tips in mind, you can make the most of your property guardianship experience and enjoy the benefits of this unique way of living.