Property Guardianship


#1

Anyone done this or know anyone who has?

Is it a good alternative to paying extortionate rent, or you just paying to squat in an old, cold office block?


#2

yeah, a few of my friends do it and they seem pretty happy tbh. I’m not even sure that they pay anything - just keep the place in good shape and don’t take the piss with parties and that.


#3

I have a few friends who do it too, in some former community hall in Streatham, and they have set it up as a rehearsal space for their band. Sounds very commune-like. However, have heard a few horror stories as well.


#4

I’ve said this before but: the fucking state of the private rented sector, that people are even considering this.


#5

Renting is a shitshow, but some people seem to be getting a very good deal out of this set-up regardless


#6

A good short-term deal, maybe, but with no security of tenure.


#7

Yeah but it’s basically paying companies to allow you to keep squatters out on their behalf isn’t it, which is really fucked up.


#8

And minimal protection in terms of standard of property or legal/safety protections too.

Too many landlords are pushing liability onto tenants and avoiding legal obligations by claiming temporary status on a rolling/permanent let.


#9

Did this for two years. It was only bearable because I had friends living there. The agency who ran it were terrible though in lots of different ways. We worked out that they were getting about £10k per month from the building and did fuck all in terms of ever fixing anything. Lots of strict rules, and no tenants rights. One washing machine between 60 people.


#10

Was this Camelot by any chance?

I was with them for a while. Utter shambles. Got to live in an old police station next door to Marble Arch tube, which was pretty cool, but there were way more negatives than positives. I think you just have to chance upon a decent one, and be the sort of person that can adapt to it (which I wasn’t).


#11

I agree.