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What is Property Guardianship and How Does it Work?

In recent times, property guardianship has risen in popularity. The premise behind this concept is to take care of a property as a live-in tenant for reduced rent. This is a win-win situation for both parties because the property would otherwise remain unoccupied. However, instead of leaving the property empty, the owner deems it fit to find a “guardian” at a lower cost. Another word used for these individuals would be “legal squatters,” and it is often a great way to find a place to live. To make sure this is official, the guardian is provided with appropriate licencing for access to the property. They will also receive a reduced amount to rent that part of the property. While the owner gets the opportunity to pocket a monthly income while making sure illegal squatters don’t try living in the property because its unoccupied. Due to the advantages, numerous property guardians are popping up around the UK. Since the rent is rising in many parts of the UK, it has become easier for people to become property guardians. They save money and can still live in a nice place. According to studies, the average first home buyer will need to make at least 64,000 pounds annually to afford accommodations. This has a lot to do with the initial deposit and monthly living costs of a property. It’s important to note these numbers will continue to rise as time goes on. As of right now, the cost of a property is somewhere around 200,000 pounds. Along with buying a property, renting one at full price is also incredibly expensive in the UK. Rent can come out to be approximately 750 pounds and it only goes higher in desirable cities such as London where it can reach up to 1500 pounds per month.... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, What is Property Guardianship and How Does it Work?, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you What is Property Guardianship and How Does it Work?

 

 

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Published By: ASIAN NEWS NETWORK - Wednesday, 17 April

 

 

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