Are you looking for an affordable way to live in London? Becoming a property guardian could be the solution you’ve been searching for.
Property guardianship is an increasingly popular option for people who want to live in the city without breaking the bank. In this article, we’ll go over everything you need to know to become a property guardian in London.
What is Property Guardianship?
Property guardianship is an arrangement where people live in unoccupied properties, such as offices or residential buildings, as temporary tenants. The property owner, often a local council or private landlord, gives permission for the property to be occupied by guardians. In exchange, the guardians pay a reduced rent and keep an eye on the property.
Benefits of Being a Property Guardian
There are many benefits of being a property guardian in London. The most obvious benefit is the reduced rent.
As a property guardian, you can expect to pay around 50% less than you would for traditional accommodation in London. This can save you thousands of pounds per year.
Another benefit is that you’ll be living in interesting and unique properties that are often located in desirable areas of the city. For example, you might find yourself living in a converted warehouse or an old school building.
Additionally, being a property guardian can give you a sense of community and purpose. Many property guardians are passionate about protecting and preserving historic buildings and enjoy being part of a like-minded community.
How to Become a Property Guardian
To become a property guardian, there are several steps that you’ll need to follow:
- Step 1: Find a reputable guardian company – There are several companies that specialize in placing people as guardians. Do your research and choose one with good reviews and proven experience.
- Step 2: Apply to become a guardian – Once you’ve found a company you like, submit an application. This will usually involve filling out an online form and attending an interview.
- Step 3: Attend training – Many guardian companies require their guardians to attend training sessions before they can move into a property.
This will cover things like health and safety, fire regulations, and your responsibilities as a guardian.
- Step 4: Sign a license agreement – Once you’ve been accepted as a guardian, you’ll need to sign a license agreement with the property owner. This will outline the terms of your tenancy.
- Step 5: Move in – Finally, it’s time to move into your new home! You’ll need to pay a deposit and provide references before you can move in.
Is Property Guardianship Right for You?
Property guardianship isn’t for everyone. It’s important to weigh up the pros and cons before making a decision. Here are some things to consider:
- Your living situation: Property guardianship often involves living in communal spaces with other guardians. If you’re used to living alone or with just one other person, this might not be for you.
- Your responsibilities: As a property guardian, you’ll be responsible for keeping the property safe and secure.
This includes reporting any issues or problems that arise.
- Your flexibility: Property guardianship is often temporary, which means that you’ll need to be flexible when it comes to moving out. If you’re looking for long-term stability, this might not be the right option for you.
In Conclusion
Becoming a property guardian in London can be a great way to save money and live in interesting properties. However, it’s important to do your research and make sure that it’s the right option for you. If you decide to go ahead with it, follow the steps above and enjoy your new home!