Intermediate or Market Rent

These type of properties are generally owned by housing associations and the rents are typically set at 80% (or less) of market rents.

Intermediate renting

Intermediate rented properties are generally owned by housing associations and the rents are typically set at 80% (or less) of market rents. They are offered on assured shorthold tenancies with a minimum term of six months, similar to private renting.

The housing association letting the property will require a deposit equivalent to one month’s rent and that the rent will be paid a month in advance. The deposit paid must be protected in a Rent Deposit Guarantee scheme and a copy of this will be provided at the beginning of the tenancy.

When an intermediate rent property becomes available, the housing association will contact the HomeBuy Agent for the area the property is in. If you are interested in this option, you should register with the Local HomeBuy Agent. Aragon Housing Association has properties in Bedfordshire, Northamptonshire and Milton Keynes. The majority of the properties are in Milton Keynes.

If the HomeBuy Agent is unable to provide a new tenant for the properties, they may be advertised through local letting agents alongside private rented properties. In some areas they may be advertised through a choice based letting system.

Market renting

Market rented properties are generally owned by housing associations and the rents are set at market rents, the same as private renting. They are offered on assured shorthold tenancies with a minimum term of 12 months.

The housing association letting the property will require a deposit equivalent to one month’s rent and that the rent will be paid a month in advance. The deposit paid must be protected in a Rent Deposit Guarantee scheme and a copy of this will be provided at the beginning of the tenancy.

In some areas they may be advertised through a choice based letting system.

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