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Do you own a vacant house in
Donegal?
06.04.17
A new scheme aimed at
bringing vacant private housing back into
use offers opportunities for house owners in
Donegal.
The Repair and Leasing Scheme will allow owners of
houses vacant for over one year the opportunity to
carry out repairs to bring them up to letting
standard. Donegal County Council is currently
seeking applications or expressions of interest from
owners of vacant houses who may be interested in
participating.
The Repair and Leasing Scheme is part of the
Rebuilding Ireland Action Plan, and is one of a
number of initiatives to bring vacant private
housing stock back into productive use, in suitable
locations where there is demand for social housing.
The local authority will pay for the initial repair
costs, subject to a limit of €40,000, in return for
a 10 to 20 year lease.
The lease payments will be adjusted over a period to
recoup the initial repair costs. |
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The council said the
benefits of the scheme include:
● Guaranteed rent on a
property that has not been generating an income;
● Upgrading of property
that might otherwise become derelict;
● No loss of rent during
vacant periods;
● No day-to-day
maintenance or tenancy management;
● No need to collect rent
or finding a new tenant;
● Avoid advertising costs;
The property will be returned to the property owner
at the end of the term in good repair order and
condition, save for fair wear and tear.
Donegal County Council has already commenced initial
work on a complementary Scheme, called the 'Buy and
Renew' Scheme. This scheme involves the local
authority buying and refurbishing suitable vacant
properties within town and village centres, in order
to support urban renewal.
The focus will be on older housing stock, in
particular, as part of the response to tackling
dereliction and improving streetscapes in towns and
villages. Full details at
Donegalcoco.ie . |
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