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Property guardianship is an arrangement by which people are granted cheap accommodation in return for living flexibly, often in desirable locations and unusual properties such as former commercial buildings like pubs, offices, police stations and even historically important properties.
Property guardians need to be responsible, security conscious people who can be trusted to keep their property in good condition, reporting any maintenance or other issues to the guardian company. By the guardians' continued occupation these properties that would otherwise be vacant cannot be occupied by squatters.
The guardians typically pay a licence fee below market "rental" prices. Property guardianship is often provided on a month-to-month basis. Guardians can give 28 days' notice at any time and so can the guardian company.
Property guardians come from all walks of life but the thing that most agree on is that it gives them choice: the opportunity to live in an amazing property, the chance to save money to follow a dream, and the ability to do the work they love or to just live a more fulfilling life.
There are numerous lists of property guardian companies across the UK.
A recent decision of The London Property Tribunal found that guardians were able to use Rent Repayment Order (RRO) legislation to apply for their rent to be repaid when the property was not licensed as a House of Multiple Occupation (HMO).
- "London rents: Guardian schemes offer cheap alternative". BBC News. 7 November 2015. Retrieved 2015-11-09.
- "Property Guardian". Watchtower Property Management. 2019-11-12. Retrieved 2019-12-10.
- "Guardians Can Get Rent Back". Flat Justice: Helping Tenants to Get Rent Back.
Media related to Property guardianship at Wikimedia Commons
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