What is the bond scheme?
The bond scheme helps homeless people in Knowsley who are looking for housing in the private sector.
Instead of a deposit, the council provides a bond through an agreement between the council and the landlord which covers damages or loss of rent for up to £500.
The bond lasts for 12 months from the date the tenancy starts. If the tenant is still residing in the property after 12 months the bond will expire and the council has no further liability.
The scheme also provides support to the landlord and tenant to help create a successful tenancy.
By agreeing to accept a Bond Guarantee in place of a cash deposit, the tenancy falls outside government tenancy deposit protection scheme legislation which requires all landlord's to register and protect cash deposit.
However, if landlords decide to take a deposit at the end of the 12 month agreement you will be required to register the deposit in a government back tenancy deposit protection scheme.
Read further information about tenancy deposit protection from the gov.uk website.
Who is eligible?
Prospective tenants must be:
- Homeless or at risk of homelessness
- Have a local connection to Knowsley
- Not be able to afford to pay a deposit out of savings or income.
How do I apply for a bond?
If you would like to put your property forward for consideration for bond tenants or and would like more information about the Knowsley Bond Scheme please email email@example.com or call 0151 443 2333