Rent Deposit Scheme
The Benjamin Foundation (TBF) is proud to work with End Youth Homelessness (EYH), a partnership of charities and businesses that have joined forces to eradicate youth homelessness in the UK.
Paper Bond Scheme: End Youth Homelessness's Rent Deposit Scheme helps young people, who have faced homelessness and are now ready to live independently, to gain access to the private rented sector.
The Rent Deposit Scheme provides landlords with a guarantee certificate in place of a traditional cash deposit. This security bond (a formal agreement) protects the landlord from rent arrears and damage to the property. Claims can be submitted by landlords in case of property damage as a result of a tenant's actions, or failure to meet rent requirements.
Young people will have demonstrated the ability to save for their own deposit over an agreed period of time. They will maintain the conditions of their tenancy, respect their neighbours, and collaborate with EYH to make their tenancy a lasting success.
Each young person supported through the Rent Deposit Scheme will benefit from financial advice and dedicated support to help build their life skills and confidence.
The scheme benefits both landlords and tenants.
Benefits to Landlords include:
- The Benjamin Foundation has a list of potential and suitable tenants, to enable you to fill vacancies quickly and free of charge.
- The Benjamin Foundation helps to secure earlier payment of Housing Benefits.
- All tenants are provided with support for paying bills, maintaining the tenancy, and where applicable, saving towards their own deposit.
- All tenants are provided with a move-in grant to help furnish their home.
- The Benjamin Foundation will actively work with you to resolve any problems that may arise.
Benefits to Tenants include:
- An assured shorthold tenancy for at least 6 months.
- Help filling in Housing Benefit forms – if necessary.
- Support and advice with any problems that arise during the tenancy.
- You can move on quickly.
- Assistance with practical matters, such as setting up utilities.
- Support to ensure that your tenancy gets off to the best possible start.
- A home essentials grant to help set up home.
PLEASE NOTE: Ultimate responsibility for granting a tenancy remains with the landlord. TBF is not responsible for letting and managing any private rented property. TBF is not responsible for the young person's actions once they move in, although we will continue to support them during their tenancy.
Home Starter Development Worker