Property guardianship has emerged as a popular alternative for those struggling with the rising cost of living. By occupying disused buildings—such as former care homes, pubs, or schools—individuals can secure rent that is typically 30% to 50% cheaper than standard private market rates, often with utility bills included.
For many, this arrangement provides access to unique living spaces that would otherwise be unaffordable. For instance, one postgraduate student living in a converted Edwardian mansion in Hampstead pays £580 a month, significantly below the London average. Residents in these properties often share communal facilities, creating a lifestyle described by some as a blend of university housing and flat-sharing.
However, the trade-off for lower rent is a lack of security. Unlike private tenants, property guardians hold a "licence to occupy" rather than a formal tenancy. This status grants them fewer legal protections, including the possibility of eviction with only 28 days' notice and no requirement for landlords to protect deposits or perform non-essential repairs.
The Property Guardian Providers Association (PGPA) estimates there are between 10,000 and 15,000 guardians in the UK, a figure that has seen a sharp increase as rental affordability worsens. While the PGPA suggests that utilizing the nation's millions of empty properties could help alleviate the housing crisis, advocacy groups like Shelter remain critical. Shelter’s chief executive, Sarah Elliott, noted that this trend highlights how individuals are being pushed into precarious living situations simply to maintain housing.
Source: BBC News
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