Frequently Asked Questions
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LAR can operate across the whole of Scotland, but we are initially focusing on areas identified as having the greatest need for mid-market rented accommodation – Aberdeenshire, the Lothians, Fife and surrounding areas. This will be kept under constant review.
Rents will be capped at a mid-market level and depend on the size of the home and its location.
Yes – a deposit equivalent to one month’s rent will be payable and held in a recognised tenancy deposit scheme.
LAR’s overriding aim is to make sure that those most in need are given an opportunity to rent a home. LAR is looking to help people who are in work (or retired) on low to moderate incomes and who are spending a disproportionate amount of their monthly income on rent. To find out if you are eligible please contact us via email@example.com
We will be focusing on 1, 2 and 3 bedroom homes and building/buying both flats and houses.
Our homes will be let on a short assured tenancy basis.
LAR was launched in October 2015 and is now looking to work in partnership with building firms to make our first homes available. We are currently identifying sites for development and in due course will publicise details of our portfolio of homes online.
Our first homes are available and currently fully let. Please keep an eye on our New Homes page for our forthcoming developments.
It stands for Local Affordable Rent.
LAR is a charity and is registered with the regulator OSCR. It is governed by independent Trustees, who have wide experience across a range of relevant professional and business sectors.
LAR’s initial funding came from a 25 year loan of £55 million from the Scottish Government. LAR will also secure at least the same amount of long-term private sector investment.